Amaravati, April 15 (PTI) The Andhra Pradesh Cabinet approved the allocation of 21.16 acres of land to TCS in Visakhapatnam on Tuesday, at a token lease price of 99 paise.

The land, located on IT Hill Number 3, will be used by the tech giant for an IT campus, where TCS is expected to invest Rs 1,370 crore. This project is set to generate 12,000 jobs.

Also Read | National Herald Chargesheet Against Sonia Gandhi, Rahul Gandhi: Congress Announces Nationwide Protests Against 'Draconian' Action.

"Cabinet approved the allocation of 21.16 acres of land to TCS at Visakhapatnam IT Hill Number 3 for setting up an IT campus to generate 12,000 jobs," stated an official press release.

Additionally, the Cabinet approved a proposal from Mahamaya Industries Ltd to expand an integrated steel plant in Vizianagaram, among other matters.

Also Read | Sudden Death in Kota: NEET Aspirant, Who Undergwent Bypass Surgery Year Ago, Dies of Heart Attack While Waiting for Tea at Roadside Stall.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)