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Cognizant Commits Rs 1,582 Crore for IT Campus in Visakhapatnam

A concessionary land grant in Kapuluppada underpins a campus planned for March 2029; operations are projected to create 8,000 IT and ITES positions

Cognizant's logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration
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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.