Business EconomyPosted at: Aug 14 2024 6:55PM


Cognizant opens new campus in Hyderabad

Hyderabad, Aug 14 (UNI) Days after Telangana Chief Minister A Revanth Reddy and IT Minister D Sridhar Babu met Cognizant CEO Ravi Kumar in the US during their business tour, the IT services giant opened its new campus in Hyderabad on Wednesday.
The one million sq. ft campus was inaugurated by Chief Minister Revanth Reddy, who arrived in the city after completion of his 10-day visit to the United States and South Korea.

Having capacity to accommodate around 15,000 people, the campus will focus on advanced technologies such as AI ,ML , digital engineering and cloud solutions.
Speaking on the occasion, the Chief Minister said that the 10-day official tour to America and South Korea drew a big success by achieving a new record in attracting foreign investments in the history of the youngest state of Telangana.
The American multinational companies struck a deal to invest a whopping Rs 31,502 crore in the state, he said similar overwhelming response was also received from the South Korean companies during the two-day visit to that country.
The Korean companies entered agreements to invest Rs 4500 crore. With this, Telangana registered a record investment of Rs.36,000 crores from the two countries alone, the CM said.
The government has entered into agreements with 25 companies which also helped to create thousands of job opportunities for youth in the state, Reddy said.
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