Visakhapatnam IT Hub: Cognizant & 8 Firms Bring 66,700 Jobs

• CM Chandrababu Naidu laid the foundation stone for Cognizant's new campus in Visakhapatnam, a Rs 1,583 crore project.
• The Cognizant campus will create 25,000 jobs, focusing on AI, Machine Learning, and Cloud Solutions, with Phase 1 completion by 2026.
• Foundation stones were also laid for 8 other companies, bringing an additional Rs 3,740 crore investment and 41,700 jobs to Visakhapatnam.
• CM Naidu highlighted Visakhapatnam's potential as a global tech city, aiming for a $135 billion economy and offering incentives like land at 99 paise per acre.
• Visakhapatnam has attracted Rs 1.34 lakh crore in investments in 18 months and hosts over 150 tech companies, reinforcing its status as a growing IT hub.

Why It Matters: Visakhapatnam is transforming into a global tech hub with huge IT investments and job growth.