Dallas Tech Centre to Lease Premises to TCS in Visakhapatnam
03 Dec 2024
2 Min Read
CW Team
The works to set up Tata Consultancy Services (TCS) facility in Madhurawada IT SEZ are progressing swiftly, following a proposal from Dallas Technology Centre (DTC) to lease its premises to TCS along with other arrangements. The state industries and commerce department issued a government order regarding this proposal.
DTC has requested an occupancy certificate, permission to sub-lease the premises to TCS, and the allocation of an additional 1,600 sq m at the original rate of Rs 6,720 per sq m.
Previously, the government had allocated Plot No A, measuring 7,774.90 sq m on Hill No 2 in Rushikonda to DTC. The sale agreement was executed on August 12, 2016, with possession of the plot transferred on September 8 of the same year. The company had received four extensions, with the final deadline set for August 9, 2026.
In a letter dated September 21 of this year, the Dallas Technology Centre had outlined plans to facilitate TCS operations, aiming to employ 2,000 IT professionals in Phase I. The current plan, which includes a ground floor plus three additional floors, accommodates only 1,400 employees, requiring additional space. DTC had requested an additional 1,600 sq m from the available 1,909 sq m.
The State Investment Promotion Board (SIPB) reviewed the proposal on November 19, following recommendations from the State Investment Promotion Committee (SIPC) meeting on November 16. After careful deliberation, the SIPB had recommended a special package for Dallas Technology Centre, which was subsequently approved by the government.
The government directed the special chief secretary, principal secretary, and secretaries of relevant departments, including E&F, S&T, power, roads and buildings, infrastructure and investment, industry and commerce (CIP), and finance, as well as associated departments, to expedite the project implementation through their HODs and PSUs.
The works to set up Tata Consultancy Services (TCS) facility in Madhurawada IT SEZ are progressing swiftly, following a proposal from Dallas Technology Centre (DTC) to lease its premises to TCS along with other arrangements. The state industries and commerce department issued a government order regarding this proposal.
DTC has requested an occupancy certificate, permission to sub-lease the premises to TCS, and the allocation of an additional 1,600 sq m at the original rate of Rs 6,720 per sq m.
Previously, the government had allocated Plot No A, measuring 7,774.90 sq m on Hill No 2 in Rushikonda to DTC. The sale agreement was executed on August 12, 2016, with possession of the plot transferred on September 8 of the same year. The company had received four extensions, with the final deadline set for August 9, 2026.
In a letter dated September 21 of this year, the Dallas Technology Centre had outlined plans to facilitate TCS operations, aiming to employ 2,000 IT professionals in Phase I. The current plan, which includes a ground floor plus three additional floors, accommodates only 1,400 employees, requiring additional space. DTC had requested an additional 1,600 sq m from the available 1,909 sq m.
The State Investment Promotion Board (SIPB) reviewed the proposal on November 19, following recommendations from the State Investment Promotion Committee (SIPC) meeting on November 16. After careful deliberation, the SIPB had recommended a special package for Dallas Technology Centre, which was subsequently approved by the government.
The government directed the special chief secretary, principal secretary, and secretaries of relevant departments, including E&F, S&T, power, roads and buildings, infrastructure and investment, industry and commerce (CIP), and finance, as well as associated departments, to expedite the project implementation through their HODs and PSUs.
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