Cognizant's Grand Investment in Andhra Pradesh: A Boost to Regional Tech Transformation
Cognizant plans to develop a major campus in Andhra Pradesh with a Rs 1,500 crore investment, creating 8,000 jobs. The project, approved to enhance the region's tech landscape, will position Andhra Pradesh as a global technology hub and is expected to stimulate the regional digital economy.
Andhra Pradesh is set to become a significant player in the technology sector with Cognizant's announcement of a Rs 1,500 crore investment to establish a major campus in the region. The move, expected to create 8,000 jobs, underscores the state's strategic positioning as a global tech hub.
The initiative received government approval, aligning with efforts to boost digital skills in tier-2 cities. Information Technology Minister Nara Lokesh emphasized the impact on regional growth and workforce development. Cognizant CEO S Ravi Kumar expressed gratitude for governmental support and highlighted the city's abundant talent and robust infrastructure.
Operations are slated to commence by early 2026 from a temporary facility, with the permanent campus phase one completed by 2029. With India hosting over 70% of Cognizant's global workforce, this expansion underscores its commitment to high-potential regional locations.
(With inputs from agencies.)
ALSO READ
Amazon's Record-Breaking $20 Billion Investment in Pennsylvania Data Centers
Bharat Bhoomi Fund: Revolutionizing Real Estate Investments in India
Blackstone's Bold European Investment Strategy
Assocham and Swissmem Forge Alliance to Boost Trade Investments
Kigen Receives Strategic Investment from SBI Group to Expand Global eSIM Innovation
Google News