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

The global IT services major, Cognizant, has announced a massive investment of Rs 1,583 crore to set up a new state-of-the-art IT campus in Visakhapatnam, Andhra Pradesh. This investment is a major boost for the city's aspirations to become a leading IT hub. The new campus is expected to create a large number of high-skilled jobs and will contribute significantly to the local economy. The decision by a major multinational corporation like Cognizant to invest in Visakhapatnam is a strong endorsement of the city's infrastructure, talent pool, and the supportive policies of the state government. This development will not only create employment but will also foster a more vibrant technology ecosystem in the region, attracting other IT companies and ancillary businesses.