Cognizant to Invest ₹1,583 Crore in Visakhapatnam IT Campus, Create 8,000 Jobs

In a major boost to Andhra Pradesh’s IT ecosystem, Cognizant, one of the world’s leading technology and consulting companies, has announced a ₹1,583 crore investment in Visakhapatnam. The move will establish a state-of-the-art IT campus expected to create over 8,000 new job opportunities in the region.

Key Highlights:

💰 Investment Amount: ₹1,583 crore
📍 Location: Visakhapatnam, Andhra Pradesh
👨‍💻 Job Opportunities: 8,000+ IT jobs
🏢 Project: Development of a cutting-edge IT/ITeS facility
🤝 Partnership: MoU signed with AP Government at Global Investors Summit

The memorandum of understanding (MoU) was formalized during the Global Investors Summit, reinforcing Visakhapatnam’s rising profile as a tech hub. This strategic move by Cognizant not only supports its long-term expansion plans but also aligns with the state’s vision for job creation and digital transformation.

Boost to Local Economy

This large-scale project will not only generate direct employment but is also expected to have a multiplier effect on the local economy through ancillary job creation, infrastructure development, and increased demand for housing and services.

Strategic Vision

Cognizant’s investment is part of a broader strategy to tap into emerging cities with growing talent pools. Visakhapatnam, with its strategic coastal location and improving infrastructure, stands out as an ideal choice.

"We are excited to expand our footprint in India by investing in Visakhapatnam. This initiative underlines our commitment to creating local opportunities and delivering global solutions," a Cognizant spokesperson stated.

Conclusion

The tech landscape in India continues to evolve rapidly, and investments like this reinforce the country’s position as a global digital powerhouse. Visakhapatnam is on the cusp of becoming a major IT destination, and Cognizant’s presence is set to accelerate that journey.

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