Accenture Eyes 10-Acre Vizag Campus, Boosts Hiring by 12,000, 6 Points

Amravati / Visakhapatnam

Accenture Plans ₹0.99/acre Campus in Andhra Pradesh; 12,000 Jobs on the Way

1. Accenture’s Big India Bet

• Accenture proposes a new campus in Visakhapatnam, Andhra Pradesh.

• Plan: Add 12,000 new jobs in India.

• India already hosts 300,000+ employees out of Accenture’s 790,000 global workforce.

2. Andhra Pradesh Policy Advantage

• State offers land leases at ₹0.99 ($0.0112) per acre for job-creating firms.

• Accenture requested 10 acres in Visakhapatnam under this policy.

• Government likely to approve; proposal under review.

3. Peer Companies’ Investment in Vizag

• Cognizant: $183M investment, thousands of jobs.

• TCS: $154M+ earmarked for its campus.

• Combined job creation by Cognizant & TCS: ~20,000 jobs.

4. Why Tier-2 Cities?

• Lower land, rent, and wage costs vs. big metros.

• Easier local hiring post-pandemic.

• Reversal of earlier migration-to-metro trend.

5. Global Policy Challenges

• U.S. H-1B visa changes: $100,000 fee for new applications.

• Threat of 25% outsourcing tax under U.S. policy debates.

• Rising risks for Indian IT sector reliant on overseas contracts.

6. Investment Clarity Pending

• Accenture’s investment amount not yet disclosed.

• State government official: “Proposal will go through.”

Disclaimer

This article has been curated by The Profit India for informational purposes only. It does not constitute financial or investment advice.