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Cognizant to invest Rs 1,583 crore in Visakhapatnam on IT campus, create 8,000 jobs

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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.

Incidentally, Cognizant…

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