New York, USA: In a landmark move, Chief Minister A. Revanth Reddy secured a substantial expansion agreement with the global IT giant Cognizant on Monday. This deal will see the establishment of a new facility in Hyderabad, boasting over one million square feet and rapidly creating 15,000 new jobs.
Cognizant, a leader in IT services and consulting, unveiled its significant expansion plans in Hyderabad, India, following a high-profile meeting with Chief Minister Reddy and IT and Industries Minister D. Sridhar Babu. The foundation for this agreement was laid during the Chief Minister’s visit to Davos earlier this year.
The company has selected Hyderabad as the site for its new center, which will have the capacity to accommodate 20,000 employees. This decision underscores Cognizant’s commitment to leveraging Hyderabad’s rich talent pool and robust infrastructure to support its global operations.
The announcement comes after a successful meeting between Chief Minister Reddy, IT Minister Sridhar Babu, and a high-level delegation, including Cognizant CEO Ravi Kumar S. The discussions highlighted Hyderabad’s strategic importance as a burgeoning hub for technology and innovation in India.
“We are excited to expand our presence in Hyderabad, a city that continues to demonstrate its strengths as a technology and innovation hub,” said Ravi Kumar S, CEO of Cognizant.
The new center will enable Cognizant to better serve global clients and continue delivering cutting-edge solutions in IT services and consulting.
Chief Minister Reddy lauded Cognizant for its expansion plans, emphasizing the government’s commitment to fostering a conducive environment for IT and business services. “The expansion of Cognizant’s operations in Hyderabad is a testament to the city’s growing reputation as a global destination for technology companies,” he said. “We are happy to support Cognizant in their growth journey and look forward to the positive impact this expansion will have on our economy.”
IT Minister D. Sridhar Babu highlighted the significance of this expansion, stating, “Hyderabad’s vibrant tech ecosystem continues to attract leading global companies. Cognizant’s decision to establish a new center here strengthens our position as a leading IT hub.”
The new center in Hyderabad will focus on various advanced technologies, including artificial intelligence, machine learning, digital engineering, and cloud solutions. This expansion is expected to create numerous job opportunities, further solidifying Hyderabad’s standing as a key player in the global technology landscape.
