Nara Lokesh inaugurates Cognizant's Vizag office; 8,000 jobs, ₹1,583 Cr investment

• Cognizant's temporary office inaugurated in Visakhapatnam by Minister Nara Lokesh.
• The temporary facility in Rushikonda IT Park can accommodate 1,000 employees.
• A permanent Cognizant campus is planned on 21.31 acres with an estimated investment of Rs 1,583 crore.
• The permanent campus aims to create 8,000 jobs by 2033, with 3,000 jobs in the first phase by 2029.
• Seven other IT companies are also expanding operations in Visakhapatnam to establish it as an IT hub.

Why It Matters: Cognizant's Visakhapatnam expansion boosts IT sector and creates thousands of jobs.