After Amazon, Google and Apple, it is the turn of Cognizant Technology Solutions (CTS) to announce plans for building a large development centre in Hyderabad.
Cognizant, the biggest IT firm in India by revenue, will invest Rs. 500 crore to develop a built-up area of 1.5 million square feet. It will house 8,000 employees when the facility is fully operational.
“We are building the campus in an extent of 11 acres in Gachibowli,” a company spokesperson said after signing a deal with the Telangana government. The firm, which already runs a 2.25 lakh sq ft facility on the campus, has decided to expand the facility in order to make it “an important part of its global delivery capability”, the executive said. “We look forward to bringing the benefits of our global experience and industry-leading growth to the region by way of high-value career and learning opportunities,” he said.