CM Chandrababu: Visakhapatnam to be IT Hub; Cognizant, 8 firms begin

• CM Chandrababu Naidu laid the foundation for Cognizant's permanent campus in Visakhapatnam.
• Foundation was also laid for seven other IT companies, aiming to establish Visakhapatnam as an IT hub.
• Cognizant's Rs. 1,583 crore project will be built in three phases, expected to create 8,000 jobs by 2033.
• The first phase of Cognizant's project is anticipated to be completed by 2029, generating 3,000 jobs.
• Cognizant's temporary campus, with a 1000-seat capacity, will commence operations this Saturday.

Why It Matters: Visakhapatnam's IT growth promises thousands of jobs and economic boost.