Hyderabad: In his first meeting on Monday, Chief Minister A Revanth Reddy concluded a huge expansion agreement with global major Cognizant. The agreement will include a new facility in Hyderabad with over one million soft capacity, which will create 15,000 new jobs rapidly.
Cognizant, a global leader in IT services and consulting, announced its significant expansion plans in Hyderabad, India, after meeting the Chief Minister and IT and Industries Minister D Sridhar Babu here. The foundation for this new agreement was laid out during the Davos visit of the Chief Minister and his delegation earlier this year.
The company, which has chosen Hyderabad as the site for a new Center, will build a 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 on the heels of a successful meeting between CM Revanth Reddy, IT Minister Sridhar Babu, and a high-level delegation with Ravi Kumar S, CEO of Cognizant. The discussions highlighted the strategic importance of Hyderabad as a growing 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 centre will enable Cognizant to better serve global clients and continue to deliver cutting-edge solutions in IT services and consulting.
The Chief Minister congratulated Cognizant on its expansion plans and stressed 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 confidence in the city’s growing reputation as a global destination for technology companies,” said the Chief Minister. 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.”
IT Minister Sridhar Babu highlighted the significance of this expansion, saying, “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 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. (INN)