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Cognizant Hyderabad campus expansion
Foundation Stone for Cognizant’s New Hyderabad Campus
Cognizant, a leading global IT services company, is set to lay the foundation stone for its new 10 lakh square feet campus in Hyderabad on August 14. The Telangana Chief Minister’s office announced this significant development on Tuesday, highlighting the company’s continued commitment to expanding its presence in the region.
Cognizant’s Growing Footprint in Hyderabad
Cognizant, which employs 57,000 people in Hyderabad, has emerged as the second-largest employer in the IT sector in Telangana. The new campus is expected to create an additional 15,000 jobs, further solidifying the company’s role as a key player in the state’s IT industry. The work at the new facility will focus on cutting-edge technologies, including artificial intelligence (AI), machine learning (ML), digital engineering, and cloud solutions.
Strategic Decision Following Government Agreement
The decision to proceed with the new campus comes less than 10 days after an agreement was signed between Cognizant and the Telangana state government. This agreement followed a high-level meeting between Telangana Chief Minister A. Revanth Reddy, IT and Industries Minister Sridhar Babu, and Cognizant CEO S. Ravikumar in New Jersey, USA. The meeting underscored the state’s strategic efforts to attract and retain global IT companies, boosting local employment and technological development.
Foundation Stone Ceremony
Telangana Chief Minister A. Revanth Reddy, who is scheduled to return to Hyderabad on Wednesday after official visits to the United States and South Korea, will participate in the foundation stone laying ceremony. Cognizant CEO S. Ravikumar will also be present at the event, marking a significant milestone in the company’s expansion plans in Hyderabad.
Cognizant’s History and Presence in Hyderabad
Cognizant, originally founded in Chennai in 1994, began its operations in Hyderabad in 2002. Over the years, the company has established five campuses in the city’s IT corridor, becoming an integral part of the local tech ecosystem. In the past two years alone, Cognizant has provided employment to 7,500 individuals from 34 different educational institutions across Telangana. The company’s IT exports from the state during the last financial year amounted to an impressive ₹7,725 crore.
Chief Minister’s Announcement on Expansion
Following the August 5 meeting, where the expansion plans were formalized, Chief Minister A. Revanth Reddy took to X (formerly Twitter) to share the news. He expressed his enthusiasm, stating, “My team and I had a super successful meeting with the Cognizant team, during which the global IT major selected Hyderabad as the site for expansion, building the largest capacity center outside the U.S. in Telangana. The new facility will create over 15,000 jobs.”
Exploring Opportunities in Tier-2 Cities
In addition to the new Hyderabad campus, Cognizant has also responded positively to the Chief Minister’s suggestion to explore other Tier-2 cities within Telangana for further capacity expansion. This move could potentially lead to additional job creation and economic growth in smaller cities across the state, further diversifying Telangana’s IT sector.
Laying the Groundwork for Future Collaborations
The foundation for Cognizant’s latest expansion in Hyderabad was laid earlier this year during discussions in Davos, Switzerland, involving Chief Minister Reddy, Minister Sridhar Babu, and other state officials. These efforts are part of Telangana’s broader strategy to position itself as a hub for innovation and technology, attracting global companies and fostering economic development.
Conclusion
Cognizant’s decision to expand its operations in Hyderabad with a new campus is a testament to the city’s growing reputation as a major IT hub in India. With the creation of 15,000 new jobs and a focus on advanced technologies like AI and ML, this expansion will significantly contribute to the state’s economy and technological prowess. As the foundation stone is laid, all eyes will be on Hyderabad, anticipating the positive impact this development will have on the region’s IT sector and overall growth trajectory.
Disclaimer:
This article is based on official announcements and reports as of the date of publication. Future developments regarding Cognizant’s expansion and related activities are subject to change. Please refer to the company’s official communications for the latest updates.
