Visakhapatnam, June 20 -- 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.
The project is expected to create 8,000 jobs over the next few years. Cognizant has sought 21.31 acres of land at Kapuluppada under the Visakhapatnam Metropolitan Region Development Authority (VMRDA), and the state government would allot the land for a nominal rate of just 99 paisa.
This move is being seen as another big win for Visakhapatnam as an emerging hub for IT investments and for IT Minister Nara Lokesh, who has been actively driving investments and IT development across the state. The company has set a target of M...