Cognizant and 8 other companies to invest around Rs 3,740 crore, creating employment opportunities for 41,700 people.
Amaravati: Chief Minister N Chandrababu Naidu will lay the foundation for the construction of global IT company Cognizant and 8 other companies in Visakhapatnam tomorrow. Meanwhile Minister for Education and IT Nara Lokesh will formally inaugurate the temporary campus of the company that accommodates 1,000 people.
It may be noted that the state government allotted 21.31 acres to Cognizant at the Kapuluppada IT Hills in Visakhapatnam . The company plans to construct a world-class AI and Digital Transformation IT campus in three phases.
The Cognizant is going to invest invest Rs 1,583 crore to establish the IT campus in Visakhapatnam, which is expected to provide employment to 8,000 people. The proposed new campus will be constructed in three phases.
Until the first phase is completed, Cognizant will operate temporarily from the Mahati Fintech Building in Rushikonda IT Park, Hill-2. The center will focus on advanced technologies such as Artificial Intelligence, Machine Learning, Digital Engineering, and Cloud Solutions.
Subsequently, the Chief Minister will lay the foundation stone for the construction of new office buildings of eight other companies, including Tech Thammina, Satva Developers, Imaginnovate Tech Solutions India, Fluentgrid Limited, Motherson Technologies, Qorp Technosoft, ACN Healthcare RCM Services, and Nanrel Technologies.
These companies, including Cognizant, are set to invest around Rs 3,740 crore, creating employment opportunities for 41,700 people.
Later, the Chief Minister will review the development of the Visakha Economic Region. He will discuss the integrated development of the nine districts from Srikakulam to East Godavari, focusing on roads, railways, ports, logistics, and other infrastructure projects.
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