Visakhapatnam see significant growth in technology and infrastructure development. It is because CM N Chandrababu Naidu and Education and IT Minister Nara Lokesh prepare to launch several major IT projects on Friday.
Cognizant campus for 8000 Jobs in Visakhapatnam
The most notable project is the foundation stone for Cognizant’s permanent campus at Kapuluppada IT Hills. The company granted 21.31 acres for this project. Cognizant plans to invest Rs 1,583 crore to build a top-notch AI and digital transformation center in three phases. It create 8,000 jobs.
The first phase expected to finished by 2029, with the entire facility set to completed by 2033. Until then, the company will operate from a temporary 1,000-seat campus at the Mahati FinTech building in Rushikonda.
Specialty about Campus
The campus feature Grade-A office spaces, premium residences, integrated retail and hospitality facilities, smart mobility systems, renewable energy integration, and infrastructure that meets ESG standards. Satva Group completed 78 million sq. ft. of development in major cities, plans to build 5 million sq. ft. of IT office space in Visakhapatnam over the next five years.
Along with these key projects, Minister Lokesh also start the ground-breaking ceremonies for 7 more IT companies in Madhurawada and Kapuluppada. Tech Tammina invest Rs 62 crore to create 500 jobs, while Nonrel Technologies invest Rs 50.60 crore to generate 567 jobs. ACN HealthCare RCM Services set up its unit with an investment of Rs 30 crore, creating 600 jobs and starting operations within a year.
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