In an unprecedented move to transform India’s tech landscape, Andhra Pradesh has unveiled its revolutionary Land Incentive for Tech Hub (LIFT) Policy 4.0, offering one acre of land for just ₹0.99 to global technology companies. This game-changing initiative, approved by the state cabinet for 2024-2029, aims to position Andhra Pradesh as India’s premier technology destination.
For IT professionals, investors, and tech entrepreneurs, this represents a once-in-a-lifetime opportunity to be part of India’s next major technology transformation. The policy doesn’t just offer land – it offers a vision of economic revival and technological excellence that could reshape the entire region.
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Andhra Pradesh LIFT Policy 4.0: Key Highlights
| Policy Details | Specifications |
|---|---|
| Policy Name | Land Incentive for Tech Hub (LIFT) Policy 4.0 |
| Duration | 2024-2029 |
| Land Rate | ₹0.99 per acre (lease) |
| Target Companies | Top 100 global IT giants |
| Major Beneficiaries | TCS, Cognizant (already signed) |
| TCS Investment | ₹1,370 crore, 12,000 jobs |
| Cognizant Investment | ₹1,583 crore, 21.31 acres |
| License Timeline | 6 months from allocation |
| Construction Start | Within 6 months |
Success Stories Already in Motion
TCS Commitment
TCS received 21.16 acres at 99 paise per acre, and has committed to an investment of ₹1,370 crore and 12,000 jobs. This massive commitment demonstrates the policy’s immediate effectiveness in attracting major investments.
Cognizant’s Expansion
The Andhra Pradesh cabinet has cleared the allotment of over 22 acres of prime land to Cognizant Technology Solutions at a nominal rate of just Rs 0.99 per acre, with the company investing ₹1,582.98 crore to set up an information technology campus.
Why This Policy is Revolutionary
Post-Hyderabad Strategy
The policy seeks to revitalise Andhra Pradesh’s economic prospects in the wake of Hyderabad’s loss when Telangana was formed, making this a strategic comeback plan for the state’s tech ambitions.
Global Outreach
Lokesh emphasized this low-lease offer is “open to the top 100 IT giants in the world,” signaling Andhra Pradesh’s ambition to become a leading technology hub.
Comprehensive Development Framework
The policy is part of six Industrial and Investment Policies that aim to attract investors, foster industrial growth, and generate 2 million jobs within the next five years.
Investment Requirements and Conditions
Timeline Commitments
The State Government will allocate land at 99 paise per acre throughout the State on lease to prospective investors, subject to the condition that the process of obtaining legal licenses and commencement of construction will be completed within six months.
Serious Investors Only
The six-month deadline ensures only committed companies with genuine investment plans can benefit from this extraordinary offer, preventing land speculation.
For more updates on investment opportunities in South India, visit Technosports Investments.
Economic Impact and Job Creation
Massive Employment Generation
The broader policy framework is set to create 20 lakh jobs and attract significant investments, with the IT sector being a major contributor to this employment boom.
Long-term Vision
The policy encourages Fortune 500 IT firms to establish operations in the state, creates a sustainable knowledge economy with long-term job opportunities, and positions Andhra Pradesh as India’s tech destination.
Strategic Advantages for Companies
Infrastructure Ready
Andhra Pradesh offers world-class infrastructure, including excellent connectivity, power supply, and skilled workforce availability, making it an ideal destination for tech giants.
Government Support
The state’s proactive approach includes single-window clearances and comprehensive support for setting up operations quickly and efficiently.
For comprehensive information about business setup procedures, visit Invest India’s Andhra Pradesh portal and the National Single Window System.
Stay updated with the latest policy developments at Technosports Policy.
Looking Ahead: A New Tech Hub
This aggressive pricing strategy represents Chief Minister Chandrababu Naidu’s vision to recreate the Hyderabad success story in Andhra Pradesh. With major companies already committing billions in investments, the state is well on its way to becoming India’s next major technology destination.
For official policy documents and application procedures, check the Andhra Pradesh IT Department and StartupIndia’s Andhra Pradesh policies.
Frequently Asked Questions (FAQs)
1. What exactly does the ₹0.99 per acre land offer include and what are the conditions?
The LIFT Policy 4.0 offers land at 99 paise per acre on lease throughout Andhra Pradesh to IT and ITES companies. However, this comes with strict conditions: companies must obtain all legal licenses and begin construction within six months of land allocation. The offer is specifically targeted at the top 100 global IT giants and requires genuine investment commitments, as demonstrated by TCS (₹1,370 crore investment, 12,000 jobs) and Cognizant (₹1,583 crore investment) who have already benefited from this policy.
2. How does this policy fit into Andhra Pradesh’s broader economic development strategy?
The LIFT Policy 4.0 is part of Andhra Pradesh’s comprehensive six-policy framework aimed at attracting ₹40 trillion in investments and generating 20 lakh jobs by 2029. This IT-focused policy specifically addresses the state’s need to rebuild its technology sector after losing Hyderabad to Telangana. The government’s strategy includes creating a sustainable knowledge economy, positioning the state as India’s premier tech destination, and fostering long-term employment opportunities in the technology sector.
