Cognizant to Invest ₹1,583 Crore in Vizag and create 8,000 Jobs

 

 

Cognizant Technology Solutions has announced a major investment of ₹1,582.98 crore to establish a world-class IT and ITES campus in Visakhapatnam (Vizag), Andhra Pradesh. The announcement came during the State-Level Investment Promotion Board (SIPB) meeting chaired by Chief Minister N. Chandrababu Naidu, who has been actively driving industrial development in the state’s underserved regions.

The upcoming Cognizant IT campus in Vizag is expected to create 8,000 high-value technology jobs, boosting the state's digital economy and reinforcing Visakhapatnam’s emergence as a key technology and innovation hub in India. To further promote investment, the Andhra Pradesh government has offered land for the project at a nominal rate of just 99 paisa per unit, a move aimed at attracting large-scale industry players to the region.

 

The cleared proposals span key sectors including information technology, renewable energy, manufacturing, and hospitality. Notable names among the investors include Cognizant, Adani Energy, Raymond, and Reliance, among others, signaling strong industry confidence in Andhra Pradesh’s growth prospects.

This development is part of the government’s broader push to incentivize investments in backward and underdeveloped areas, with additional subsidies and support measures for companies committing long-term capital and employment generation. Alongside Cognizant’s plan, the SIPB also approved renewable energy projects by the Adani Group worth over ₹18,000 crore across districts like Kadapa and others—expected to generate over 10,000 new jobs in the clean energy sector.

The Cognizant investment in Andhra Pradesh marks a significant milestone for both the company’s Indian operations and the state's ambitions to become a national tech and employment hub, powered by policy-driven growth, infrastructure expansion, and sustainable development.