Cognizant Announces Significant Expansion Plan In Hyderabad

In his very first meeting in the US, Chief Minister Revanth Reddy on Monday concluded a huge expansion agreement with global major Cognizant, which will add a new facility in Hyderabad of over ten lakh square feet capacity, which will create 15,000 new jobs rapidly.

Cognizant, a global leader in IT services and consulting, announced its significant expansion plans in the city after meeting with Reddy and IT Minister Sridhar Babu.

The foundations for the new agreement were laid out during the Davos visit of the Chief Minister earlier this year.

The company, which has chosen Hyderabad as the site for a new centre, will build a capacity to accommodate 20,000 employees.

"We are excited to expand our presence in Hyderabad, a city that continues to demonstrate its strengths as a technology and innovation hub," said S Ravi Kumar, CEO of Cognizant.

The Chief Minister congratulated Cognizant for its expansion plans, and emphasized his government's commitment to fostering a conducive environment for IT and business services.

"The expansion of Cognizant's operations in Hyderabad is a testament of the confidence in the city's growing reputation as a global destination for technology companies," Reddy said. "We are happy to support Cognizant in its growth journey, and are looking forward to the positive impact this expansion will have on our economy."

Minister Sridhar Babu said, "Hyderabad's vibrant tech ecosystem continues to attract leading global companies. Cognizant's decision to establish a new centre here strengthens our position as a leading IT hub."

The new centre 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 bolstering Hyderabad's standing as a key player in the global technology landscape.