Business Economy


Cognizant announces major expansion to establish new campus in Visakhapatnam

Visakhapatnam, June 25 (UNI) Cognizant, a global leader in technology and professional services, today announced a major expansion of its India operations with plans to develop a state-of-the-art campus here in Andhra Pradesh.

The proposed campus will be spread across 22-acres in Kapuluppada, IT Hills, a site allocated by the Government of Andhra Pradesh. With an investment of Ra1,583 crore, the campus will be developed in three phases, creating over 8,000 employment opportunities and further elevating Cognizant’s advanced capabilities in AI and digital transformation delivery for clients worldwide.

The announcement was made following approval from the Andhra Pradesh Cabinet, led by Chief Minister N Chandrababu Naidu.

Ravi Kumar S, CEO, Cognizant, said: “We are delighted to welcome Cognizant to Visakhapatnam, which aligns with our vision to build Andhra Pradesh as a destination for premier global enterprises,” said Sri Nara Lokesh, Minister for IT, Electronics & Communication. “Cognizant’s presence will further accelerate the region’s digital economy while boosting technology skills needed for the workforce of the future. We are committed to creating an enabling environment for the IT and ITES sectors through smart infrastructure, ease of doing business and progressive policy support.”

Cognizant will commence operations in Visakhapatnam by early 2026 from a temporary facility with a seating capacity for 800 associates until the completion of the campus’ first phase by early 2029.

“We are proud to announce our campus in Visakhapatnam, marking a significant milestone in our growth journey. We extend our heartfelt gratitude to the Government of Andhra Pradesh for their progressive vision and steadfast support,” said CEO Ravi Kumar S.


“With its abundant talent pool and robust infrastructure, Visakhapatnam stands as a strong partner in our mission to develop the digital workforce of tomorrow, especially in India’s tier 2 cities. Through this investment, we look forward to creating impactful career opportunities and contributing to a vibrant, inclusive, and innovation-driven future for the region,” he added.

Since 2024, Cognizant has established new delivery centers in Bhubaneswar, Indore, and a techfin center in GIFT City, Gujarat. These centers have been designed to support the future of work, promote agility, skilling, collaboration and innovation, while providing best-in-class employee experience.

India remains central to Cognizant’s global delivery, with more than 70% of its 336,300 associates based in the country. The Visakhapatnam expansion builds on Cognizant’s strong operational presence across Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, GIFT City, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune.
UNI DP BM
More News

Gujarat-based Sudeep Pharma Limited files DRHP for IPO

25 Jun 2025 | 7:23 PM

Hyderabad, June 25 (UNI) Gujarat-based Sudeep Pharma, a technology-led manufacturer of excipients and specialty ingredients for the pharmaceutical, food and nutrition industries, has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO).

see more..
Sensex zooms up by 700 40 points to 82,755 51 amidst firm Asian cues, cooling crude oil prices

Sensex zooms up by 700 40 points to 82,755 51 amidst firm Asian cues, cooling crude oil prices

25 Jun 2025 | 6:02 PM

Mumbai, June 25 (UNI) The BSE Sensex today jumped by 700.40 points to close positive at 82,755.51, tracking firm cue from Asian peers and easing crude oil prices, traders said Easing tensions in the Middle East following a tentative ceasefire between Israel and Iran lifted investor sentiments, traders added

see more..

Lupin gets approval from U S FDA for Prucalopride Tablets

25 Jun 2025 | 5:53 PM

Hyderabad, June 25 (UNI) Global pharma major Lupin Limited (Lupin) today announced that it has received approval from the United States Food and Drug Administration (U.S. FDA) for its Abbreviated New Drug Application for Prucalopride Tablets, 1 mg, and 2 mg. Prucalopride Tablets
are bioequivalent to Motegrity® Tablets, 1 mg and 2 mg, of Takeda Pharmaceuticals U.S.A. Inc.

see more..

Rupee slips 10 paise to 86 07 against US dollar

25 Jun 2025 | 5:50 PM

Mumbai, Jun 25 (UNI) Rupee today depreciated by 10 paise to close at 86.07 against the US
dollar, on strong dollar demand by bankers and importers, forex traders said
Positive close in the domestic equity market limited the rupee fall, traders added
The currency opened 4 paise higher at 86.01 against the dollar. It closed the previous session at 85.97
The partially convertible rupee recorded intra-day high and low at 85.90 and 86.14 respectively, dealers added.

see more..

Cognizant announces major expansion to establish new campus in Visakhapatnam

25 Jun 2025 | 5:07 PM

Visakhapatnam, June 25 (UNI) Cognizant, a global leader in technology and professional services, today announced a major expansion of its India operations with plans to develop a state-of-the-art campus here in Andhra Pradesh.

see more..