Overview

• Cognizant Technology Solutions will invest Rs 1,582.98 crore to construct a major IT campus in Visakhapatnam entirely with its own funding.
• The Andhra Pradesh government has agreed to allot 21.31 acres in Kapuluppada at a token rate of 99 paise per square foot to support the project.
• The facility will specialise in IT and IT-enabled services, reflecting Cognizant’s strategy to expand its footprint beyond established tech centres.
• Commercial operations are slated to begin by March 2029, with the campus expected to generate around 8,000 direct jobs over eight years.
• This announcement follows an approved land deal for TCS earlier this year; it aligns with plans for a futuristic Data City to attract AI and data centre firms.