K M Dayashankar
Cognizant agrees and announces significant expansion plans
Will create a new facility in Hyderabad – with over 1 million SFT space
The move will create over 15,000 new jobs in Hyderabad, Telangana
The company has also agreed to CM’s suggestion to consider tier 2-towns in the state for additional capacity
HYDERABAD, AUGUST 05, 2024: Chief Minister A Revanth Reddy concluded a huge expansion agreement with global giant Cognizant, which includes a new facility in Hyderabad of over one million square feet capacity, which will create 15,000 new jobs rapidly.
During his very first meeting on Monday during his USA visit, the Chief Minister and Minister for IT and Industries Duddilla Sridhar Babu held consultations with Cognizant, a global leader in IT services and consulting, which announced their significant expansion plans in Hyderabad. The foundations for this new agreement were laid out during the Davos visit of the Chief Minister and his delegation earlier this year.
The company, which has chosen Hyderabad as the site for a new Centre, will build for a capacity to accommodate 20,000 employees. This decision underscores Cognizant’s commitment to leveraging Hyderabad’s rich talent pool and robust infrastructure to support its global operations.
The announcement comes on the heels of a successful meeting between Chief Minister and IT Minister and a high-level delegation with Ravi Kumar S, CEO of Cognizant. The discussions highlighted the strategic importance of Hyderabad as a growing hub for technology and innovation in India.
“We are excited to expand our presence in Hyderabad, a city that continues to demonstrate its strengths as a technology and innovation hub,” said Ravi Kumar S, CEO of Cognizant. The new centre will enable Cognizant to serve global clients better and continue to deliver cutting-edge solutions in IT services and consulting.
The CM congratulated Cognizant for its expansion plans, emphasizing the government’s commitment to fostering a conducive environment for IT and business services. “The expansion of Cognizant’s operations in Hyderabad is a testament of confidence in the city’s growing reputation as a global destination for technology companies,” said the Chief Minister. “We are happy to support Cognizant in their growth journey and are looking forward to the positive impact this expansion will have on our economy”, he stated.
IT Minister D. Sridhar Babu highlighted the significance of this expansion, saying, “Hyderabad’s vibrant tech ecosystem continues to attract leading global companies. Cognizant’s decision to establish a new centre here in Hyderabad strengthens our position as a leading IT hub.”
The new centre in Hyderabad will focus on various advanced technologies, including artificial intelligence, machine learning, digital engineering, and cloud solutions. This expansion is expected to create numerous job opportunities, further bolstering Hyderabad’s standing as a key player in the global technology landscape.
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