Cognizant Technology Solutions has announced plans to invest approximately ₹15.82 billion (about $182.8 million) to build a new IT campus in Visakhapatnam
Cognizant Technology Solutions has announced plans to invest approximately ₹15.82 billion (about $182.8 million) to build a new IT campus in Visakhapatnam, Andhra Pradesh. The initiative is expected to generate around 8,000 new jobs, with commercial operations scheduled to begin by March 2029 .
Key highlights:
Land allocation: The Andhra Pradesh government is allotting 21.31 acres at Kapulauppada for a nominal fee—just ₹0.99—underscoring its commitment to attracting tech investments .
Strategic move: This decision aligns with Cognizant’s strategy to optimize real estate costs by shifting operations from major metros to tier‑2 cities .
Broader trend: Similar moves are being made by other IT majors—TCS, for example, is investing ₹13.7 billion in a Vizag campus to create 12,000 jobs. This reflects Andhra Pradesh’s broader push to develop Visakhapatnam as a significant IT hub .
Company performance: Despite cost pressures in the global IT sector, Cognizant recently raised its full‑year 2025 revenue outlook to $20.5–21.0 billion, fueled by strong demand for AI‑enabled services .
Impact & Implications
For Visakhapatnam, this represents a major economic boost—thousands of direct jobs plus indirect growth in support industries (housing, retail, etc.).
For Cognizant, the move supports cost efficiency and future expansion, particularly in fast-growing tier‑2 markets.
Strategically, this aligns with India’s push to decentralize its IT ecosystem, offering opportunities beyond major metros like Bengaluru or Hyderabad.
