Cognizant to set up Rs 1,582 crore IT campus, create 8,000 jobs; Andhra Pradesh govt allots land at 99 paise in Visakhapatnam
VISAKHAPATNAM: In a major boost to Andhra Pradesh's IT ecosystem,
Cognizant Technology Solutions
has announced plans to set up a world-class IT and ITES campus in Visakhapatnam, with an investment of Rs 1,582.98 crore.
The project is expected to generate around 8,000 jobs over the next few years. Cognizant has requested 21.31 acres of land at Kapulauppada under the Visakhapatnam Metropolitan Region Development Authority (VMRDA), and the state government has allotted the land at a nominal rate of just 99 paise.
The company aims to begin commercial operations by March 2029. The entire project will be 100% self-funded, reflecting Cognizant's strong long-term commitment to Andhra Pradesh.
Officials noted that this significant investment further strengthens the state's position as an emerging IT hub.
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