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Business Standard
25-06-2025
- Business
- Business Standard
Cognizant to invest ₹1,500 cr in Andhra, pledges to create 8,000 jobs
Andhra Pradesh Information Technology Minister Nara Lokesh on Wednesday said that IT major Cognizant will set up a major campus here with an over Rs 1,500 crore investment, creating 8,000 jobs in three phases on a 22-acre site at Kapuluppada IT Hills. Lokesh said the government approved the project to position Andhra Pradesh as a global technology hub and promote digital skilling in tier-2 cities. "We welcome Cognizant to Vizag. This investment will accelerate regional growth and future-ready workforce development," said Lokesh in a release. Cognizant's presence is expected to boost the regional digital economy, enhance tech skills, and benefit from Andhra Pradesh's infrastructure, business-friendly policies, and IT and Information Technology Enabled Services (ITES) sectors support, said the minister. Cognizant will begin operations by early 2026 from a temporary facility for 800 staff until Phase-I of the permanent campus is ready by early 2029, said the release. "We are proud to expand in the port city and thank the government for its progressive support," said Cognizant CEO S Ravi Kumar in the release. Kumar said the city offers abundant talent and strong infrastructure, fitting into the firm's broader strategy of investing in high-potential regional locations. The campus aims to build an inclusive, innovation-driven digital workforce and support Cognizant's global transformation delivery capabilities, he said. According to the release, India remains central to Cognizant's operations, with more than 70 per cent of its 3,36,300 global associates based across various Indian delivery locations. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
25-06-2025
- Business
- Time of India
Cognizant to open big new campus in Visakhapatnam; 8,000 jobs to be created
VISAKHAPATNAM : Cognizant, a leading technology and professional services company, announced a major expansion of its India operations with plans to develop a state-of-the-art campus in Visakhapatnam. The proposed campus will be spread across 22-acres in Kapuluppada, IT Hills, a site allocated by Andhra Pradesh govt. With an investment of Rs 1,583 crore, the campus will be developed in three phases, creating over 8,000 employment opportunities and further elevating Cognizant's advanced capabilities in AI and digital transformation delivery for clients worldwide. The announcement was made following approval from the Andhra Pradesh cabinet, led by chief minister N. Chandrababu Naidu. You Can Also Check: Visakhapatnam AQI | Weather in Visakhapatnam | Bank Holidays in Visakhapatnam | Public Holidays in Visakhapatnam 'We are delighted to welcome Cognizant to Visakhapatnam, which aligns with our vision to build Andhra Pradesh as a destination for premier global enterprises,' said IT minister Nara Lokesh 'Cognizant's presence will further accelerate the region's digital economy while boosting technology skills needed for the workforce of the future. We are committed to creating an enabling environment for the IT and ITES sectors through smart infrastructure, ease of doing business and progressive policy support,' added Lokesh. Cognizant will commence operations in Visakhapatnam by early 2026 from a temporary facility with a seating capacity for 800 associates until the completion of the campus' first phase by early 2029. 'We are proud to announce our campus in Visakhapatnam, marking a significant milestone in our growth journey. We extend our heartfelt gratitude to the Andhra Pradesh govt for their progressive vision and steadfast support,' said Ravi Kumar S, CEO, Cognizant. 'With its abundant talent pool and robust infrastructure, Visakhapatnam stands as a strong partner in our mission to develop the digital workforce of tomorrow, especially in India's tier 2 cities. Through this investment, we look forward to creating impactful career opportunities and contributing to a vibrant, inclusive, and innovation-driven future for the region,' added the Cognizant CEO Since 2024, Cognizant has established new delivery centers in Bhubaneswar, Indore, and a techfin center in GIFT City, Gujarat. These centers have been designed to support the future of work, promote agility, skilling, collaboration and innovation, while providing best-in-class employee experience. India remains central to Cognizant's global delivery, with more than 70% of its 336,300 associates based in the country. The Visakhapatnam expansion builds on Cognizant's strong operational presence across Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, GIFT City, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune.
Time of India
20-06-2025
- Business
- Time of India
India Inc's AI reality check: Why 92% still struggle to scale AI
Only BFSI (71%) and ITES (80%) show signs of AI maturity — but even they face integration and governance and retail sectors have >60% AI experimentation, but governance, ethics, and backend integration stall AI being a boardroom buzzword, only 8% of enterprises have realized business-scale AI value. AI might be the star of corporate town halls and keynote speeches, but behind the curtains of glossy brochures and tech summits lies an inconvenient truth: the vast majority of Indian enterprises are nowhere close to AI maturity. According to the ETCIO Intelligence Report AI Playbook – GPUs, Strategies & Readiness Index 2025, a staggering 92% of organizations remain stuck in pilot or exploratory phases. Only a slim 8% have fully implemented AI initiatives. This discrepancy reveals a telling reality—while boardrooms are bullish about AI's potential, operationalizing it at scale remains an uphill task. For a quarter of surveyed firms, AI remains an abstract concept—a buzzword to explore rather than a tool to deploy. Pilot paralysis: From proof of concept to proof of value What's keeping India Inc from achieving AI lift-off? At the heart of the issue lies an ROI dilemma. AI pilots, often built around automation or chatbots, fail to deliver tangible business impact. 'Boards demand measurable business value,' the report notes, 'but most AI efforts focus on narrow use cases with limited bottom-line value.' In response, many CIOs are shifting their KPIs from 'proof of concept' to 'proof of value,' with a sharper focus on metrics like Return on Employee (RoE). 'AI has moved beyond proof of concept - it's now about proof of value. With data at its core, the true success metric is ROE: Return on Employee, where enhanced productivity and smarter efficiency reveals AI's real impact,' says Rakesh Bhardwaj, Group Chief Information Officer, Lupin. The infrastructure conundrum: Legacy systems as a bottleneck India's digital backbone—comprising legacy ERP, SCADA, MES, and siloed data systems—is not AI-ready. In manufacturing, for instance, only 57% of firms report any form of AI adoption. Even among these, most remain confined to pilot projects, thanks to fragmented operational technology and poor data standardization. The BFSI sector leads India's AI journey in terms of adoption maturity. Banks and insurers are embedding AI into fraud detection, underwriting, and customer service. But deeper integration is still constrained by legacy systems and high implementation costs. 'AI adoption in BFSI is not just about improving efficiency. It is redefining resilience, security, compliance and customer experience at scale,' says Sampath Manickam , Chief Technology Officer, National Stock Exchange of India. 'As we integrate AI-driven solutions, the emphasis must remain on ethical innovation, regulatory compliance and long-term value creation.' In retail and consumer goods, the maturity is mixed. While digital-native firms and FMCG giants leverage AI for personalization and supply chain visibility, traditional retailers are still stuck on basic digital transformation journeys. Data privacy and ERP integration issues loom large. In healthcare and pharma, AI use cases are growing—from diagnostics and imaging to drug discovery. However, full-scale adoption is rare, and ethical concerns around bias and explainability are front and center. ITES players show relative maturity. Roughly 60% have implemented AI for customer service automation, IT ops, or HR analytics. But only 8% have embedded AI into core functions. The rest remain tactical, often boxed into non-core deployments due to legacy constraints and unclear ROI. Talent deficit vs tool overload Another major hurdle? – People. Despite the explosion of AI platforms and APIs, there is a severe shortage of skilled professionals—particularly AI engineers, data scientists, and MLOps experts. 'There is a huge shortage of skilled talent because modern education is unable to keep up with the speed of change,' says Priya Dar, CIO, Valvoline Cummins . 'We are not experimenting enough and limitations of industry-specific tools lead to customizations that need skills, time, and money. What we are doing is simple—upskilling, leaning on open source, and outsourcing some innovation to smaller partners working on specific use cases.' Organizations are responding with hybrid strategies: reskilling programs, partnerships with academic institutions, and tapping global talent pools via remote work. 'Our leadership emphasizes innovation, operational excellence, and customer-centricity as core pillars of our growth strategy,' adds Kavita Bijlani, Head of IT & RAD, Bausch + Lomb. 'We are up-skilling and re-skilling our employees by rolling out training programs on AI/ML through virtual platforms. To overcome local shortages, we are tapping into global and regional talent pools.' Integration complexity: The silent killer Even when talent and tools are available, most AI projects flounder during integration. ETCIO Intelligence survey revealed that poor post-deployment support and a lack of plug-and-play capabilities remain key friction points—particularly in sectors like BFSI and healthcare, where compliance demands are non-negotiable. As Anand Sinha, CIO, Birlasoft, explains: 'Organizations address the shortage by upskilling existing staff, recruiting from diverse backgrounds, and using global remote talent… Automation and low-code AI tools are adopted to reduce reliance on specialists.' Who's Winning and Who's Lagging? A Sectoral Snapshot ITES (80%) and BFSI (71%) lead due to digital maturity and strong risk/compliance needs. Healthcare (70%) is gaining traction in diagnostics and drug discovery, but lags in AI governance. Retail (61%) shines in front-end CX but falters on backend integrations. Manufacturing (57%) struggles with data quality and fragmented tech environments. From projects to platforms: Global lessons for India Inc The report emphasizes that successful AI transformation isn't about isolated pilots—it's about 'platformization'. Giants like JPMorgan (COIN platform) and Siemens (AI-augmented digital twins) show the way. Indian firms must follow suit by institutionalizing AI Centers of Excellence, building explainable AI systems, and investing in scalable data infrastructure. To paraphrase Rucha Nanavati of Mahindra & Mahindra: 'AI has moved from curiosity to boardroom mandate. The challenge now is not in adopting AI—but in delivering on its promise.' The next 24 months represent a defining window. For India Inc., this is the moment to evolve from pilot purgatory to platform-powered performance. The age of AI has begun—now it's time to make it real. The AI Playbook | ET CIO
Time of India
20-06-2025
- Business
- Time of India
Cognizant to set up Rs 1,582 crore IT campus, create 8,000 jobs; Andhra Pradesh govt allots land at 99 paise in Visakhapatnam
Cognizant Technology Solutions is set to establish a state-of-the-art IT and ITES campus in Visakhapatnam, Andhra Pradesh, investing Rs 1,582.98 crore 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.
Time of India
20-06-2025
- Business
- Time of India
Cognizant to invest Rs 1,583 crore in Visakhapatnam on IT campus, create 8,000 jobs
The IT company, Cognizant, is set to establish a world-class IT and ITES campus in Visakhapatnam at an investment of Rs 1,583 crore to generate 8,000 jobs in the next few years, ruling TDP party said. The state government will allot land to Cognizant at the nominal rate of Rs 99 paisa, said the press release. "In a major boost to Andhra Pradesh's IT ecosystem, Cognizant Technology Solutions is all set to establish a world-class IT/ITES campus in Visakhapatnam with an investment of Rs 1,582.98 crore," said the press release. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Incidentally, Cognizant sought 21.31 acres of land at Kapulauppada under the Visakhapatnam Metropolitan Region Development Authority (VMRDA) for the new IT campus. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The company has set a target of March 2029 for the commencement of operations, the press release added.
