By Rishika Sadam and Haripriya Suresh
Hyderabad/Bengaluru (Reuters) -Tech Consultancy Accenture has proposed to establish a new campus in the state of southern India of Andhra Pradesh, with the aim of adding around 12,000 jobs to their workforce in India, three sources familiar with the matter said.
The measure follows similar agreements of Tata Consultancy Services and Cognizant companies, which are taking advantage of a new state policy that offers leased land to 0.99 rupees ($ 0.0112) by ACRE to large companies willing to generate employment.
India is already the largest worldwide employee base, with more than 300,000 of its 790,000 employees based in the country.
As part of the proposal reviewed by the state government, Accenture has requested land of approximately 10 acres in the port city of Visakhapatnam in similar terms, sources said, requesting anonymity since the matter is private.
Accenture did not respond to the request for Reuters comments.
Andhra Pradesh’s government is anxious to bring Accenture, said a state official, adding that while approving can take time, the proposal is expected to be clarified.
“It is not an unreasonable question of Accenture, and the proposal will be made,” said the official based on anonymity.
It is not clear immediately how much Accenture intends to invest in the creation of the campus.
TCS and Cognizant obtained land leases under politics to build campus that could generate around 20,000 jobs in Visakhapatnam. Cognizant will invest $ 183 million, while TCS has allocated a little more than $ 154 million for installation.
Technology companies have increasingly expanded to the smallest Indian cities to take advantage of the lowest lands, rent and salary costs. After the pandemic, many find it easier to hire locally in level 2 cities, reversing the previous trend of workers migrating to the main technological centers.
This movement is produced in the midst of the change of policy of US President Donald Trump that requires a $ 100,000 rate for new H-1B visas, widely used by technological companies to hire qualified foreign talent. The measure is expected to take the IT sector, with much, the biggest beneficiary of H-1B visas last year.
The sector also faces uncertainty, since customers could delay or re -negotiate contracts since the United States debates a 25% proposed tax to US companies using outsourcing services.
($ 1 = 88,7500 Indian rupees)
(Rishika Sadam report in Hyderabad and Haripriya Suresh in Bengaluru; writing by Urvi Dugar and Abinaya Vijayaraghavan; edition of Dhanya Skariachan and Sonia Chema)
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