CM Revanth's trip to US: State partners with Cognizant for new Hyderabad centre

Hyderabad: On Monday, chief minister A Revanth Reddy concluded a huge expansion agreement with global major Cognizant, which will include a new facility in Hyderabad of over one million sft capacity, which will create 15,000 new jobs.

Cognizant, a global leader in IT services and consulting, announced their significant expansion plans in Hyderabad, India after meeting CM Revanth Reddy and IT and Industries minister D Sridhar Babu here. The foundations for this new agreement were laid out during the Davos visit of CM and his delegation earlier this year.

20,000 employees in new centre

The company, which has chosen Hyderabad as the site for a new centre, 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 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.

Conducive environment for IT

CM Revanth Reddy congratulated Cognizant for its expansion plans, emphasising 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 of confidence in the city’s growing reputation as a global destination for technology companies,” said CM Revanth Reddy. “We are happy to support Cognizant in their 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 centre 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.