Hyderabad: US-based IT company Cognizant plans to expand its business in Telangana. This announcement came after a meeting between Chief Minister A Revanth Reddy and Cognizant officials in New Jersey on Monday.
The groundwork for this agreement was set during the Chief Minister’s visit to Davos earlier this year. During this trip, discussions between Cognizant and the Telangana government began.
Cognizant has chosen Hyderabad as the location for a new center. This center will have the capacity to accommodate 20,000 employees. The decision highlights Cognizant’s confidence in Hyderabad’s talent and infrastructure to support its global operations.
“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. He added that the new center will help Cognizant serve its global clients better and deliver advanced IT services and consulting solutions.
Chief Minister A Revanth Reddy expressed his pleasure at Cognizant’s decision. He said, “The expansion of Cognizant’s operations in Hyderabad is a testament to the city’s growing reputation as a global destination for technology companies. We are happy to support Cognizant in their growth journey and look forward to the positive impact this expansion will have on our economy.”
IT Minister D Sridhar Babu also commented on the significance of this expansion. He said, “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 center in Hyderabad will focus on advanced technologies such as artificial intelligence, machine learning, digital engineering, and cloud solutions. This expansion is expected to create many job opportunities, further boosting Hyderabad’s status as a major player in the global technology sector.
