Software companies agency Cognizant Technology Solutions will invest ₹15.82 billion ($182.76 million) to construct a new campus within the southern Indian metropolis of Vishakapatanam that can create about 8,000 jobs, the State Government introduced on Friday (June 20, 2025).
Commercial operations will start in March 2029, an Andhra Pradesh Government press launch mentioned.
Cognizant didn’t instantly reply to a request for remark.
The announcement comes simply months after India’s high IT agency, Tata Consultancy Services, unveiled plans for ₹13.70 billion campus in the identical metropolis, and is predicted generate 12,000 jobs.
The transfer aligns with Cognizant’s technique to optimise actual property prices. In May 2023, Chief Executive Ravi Kumar S. mentioned the corporate would relinquish 11 million sq. toes of workplace house globally, primarily in India’s largest cities, whereas investing in tier-2 Indian cities.
Globally, IT corporations, together with these in India’s $283 billion sector, are taking cost-cutting measures similar to monetising actual property belongings and delaying wage will increase amid demand uncertainty.
Last month, the Teaneck, New Jersey-based firm raised its annual income forecast and beat first-quarter outcomes pushed by elevated demand for AI-powered IT companies.
Cognizant expects 2025 annual income between $20.5 billion and $21.0 billion, in contrast to earlier outlook of the midpoint of $20.30 billion to $20.80 billion.
($1 = 86.5625 Indian rupees)
