After TCS, now Cognizant gets land for ‘just’ 99 paisa per acre in Visakhapatnam
Hyderabad: In a major boost to Andhra Pradesh’s IT ecosystem, global IT giant, Cognizant Technology Solutions will be establishing a world-class IT/ITES campus in Visakhapatnam with an investment of Rs 1,582.98 crore. The project is expected to create 8,000 jobs over the next few years.
Cognizant has sought 21.31 acres of land at Kapuluppada under the Visakhapatnam Metropolitan Region Development Authority (VMRDA), and the state government would allot the land for a nominal rate of ‘just’ 99 paisa per acre.
