Visakhapatnam,December 12: Cognizant, a global leader in technology and professional services, today held a groundbreaking ceremony for a state of the art 20,000-seat facility and unveiled an interim techfin centre in Visakhapatnam, in the presence of the Chief Minister of Andhra Pradesh, Chandrababu Naidu. The proposed new campus, which will be completed in three phases by 2033, will entail an investment of ₹1600 crore (₹16 billion). The first phase of the construction, which will begin in 2026, will accommodate 3,000 associates upon its completion in early 2029. The subsequent phases will increase the total seating capacity to 20,000. “We are delighted to welcome Cognizant to Visakhapatnam. This facility is a landmark step in advancing our vision of transforming Andhra Pradesh into a world-class destination where global enterprises can build, innovate, and grow,” said Chandrababu Naidu, Chief Minister of Andhra Pradesh. “This investment will generate high-quality jobs, enhance the region’s digital capabilities, and contribute significantly to the state’s innovation-driven and technology-enabled growth,” the CM added. Minister for IT, Electronics & Communication, Human Resources Development and RTG, Nara Lokesh, also commented on the development and said, “Cognizant’s presence marks a pivotal milestone in Visakhapatnam’s emergence as a thriving hub for technology. I am delighted that this development centre will unlock new opportunities for our youth and further strengthen the city’s position as the economic and financial hub of the state.” “Today marks a defining step in Cognizant’s growth journey in India. The groundbreaking of our new campus and the opening of an interim techfin centre in Visakhapatnam reflect our confidence in the city’s talent and future potential,” said Ravi Kumar S, CEO, Cognizant. “We are grateful to the Government of Andhra Pradesh for their partnership and look forward to unlocking the full potential of Visakhapatnam’s talent and innovation spirit.” The techfin centre will serve as an interim office until the completion of the first phase of the proposed 22-acre campus. It will focus on advanced technologies including artificial intelligence, machine learning, digital engineering, and cloud solutions. The centre features a dedicated client experience zone and collaborative spaces designed to foster teamwork and accommodate more than 1,000 associates based in and around Visakhapatnam. Since 2024, Cognizant has established new delivery centres in Bhubaneswar, Indore, and a techfin centre in GIFT City, Gujarat. These centres are designed to support the future of work, promote agility, skilling, collaboration, and innovation, while providing a best-in-class employee experience. India remains central to Cognizant’s global delivery capabilities, with more than 70% of its 349,800 associates based in the country. The Visakhapatnam expansion builds on Cognizant’s strong operational presence across Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, GIFT City, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune.
