{"id":1296772,"date":"2025-06-24T10:38:37","date_gmt":"2025-06-24T05:08:37","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1296772"},"modified":"2025-06-24T10:39:11","modified_gmt":"2025-06-24T05:09:11","slug":"cognizant-gets-50-acre-land-in-99-paisa-for-creating-8000-jobs-in-andhra-pradesh","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/cognizant-gets-50-acre-land-in-99-paisa-for-creating-8000-jobs-in-andhra-pradesh\/","title":{"rendered":"Cognizant Gets 50-acre Land In 99 Paisa For Creating 8000 Jobs In Andhra Pradesh"},"content":{"rendered":"\n<p>In a landmark move set to boost Andhra Pradesh\u2019s tech landscape, <strong>Cognizant Technology Solutions<\/strong> has committed to investing <strong>\u20b91,582 crore<\/strong> in building a new <strong>IT campus in Visakhapatnam<\/strong>. The initiative is expected to generate <strong>8,000 new jobs over the next eight years<\/strong>, further strengthening the city&#8217;s position as a future-ready digital hub.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"571\" src=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-1024x571.png\" alt=\"\" class=\"wp-image-1296784\" srcset=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-1024x571.png 1024w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-300x167.png 300w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-768x429.png 768w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-1536x857.png 1536w, https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-2048x1143.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">21 Acres Allotted at Just 99 Paisa<\/h3>\n\n\n\n<p>As per a report by <em>Moneycontrol<\/em>, the Andhra Pradesh government has allotted <strong>21.31 acres of land at Kapulauppada<\/strong> in the Visakhapatnam Metropolitan Region Development Authority (VMRDA) for just <strong>99 paisa<\/strong>, not per acre\u2014but in total. The move reflects the state&#8217;s aggressive strategy to <strong>attract large-scale tech investments<\/strong> and fast-track the transformation of Visakhapatnam into a thriving IT ecosystem.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Operations to Begin by March 2029<\/h3>\n\n\n\n<p>Cognizant has reportedly set <strong>March 2029<\/strong> as the deadline for commencing <strong><a href=\"https:\/\/www.news18.com\/business\/cognizant-gets-land-for-just-99-paisa-in-visakhapatnam-to-set-up-rs-1582-crore-it-campus-report-ws-l-9394952.html\">commercial operations<\/a><\/strong> from the upcoming facility. The project aligns with <strong>Chief Minister N. Chandrababu Naidu&#8217;s vision<\/strong> of making Visakhapatnam the economic capital of Andhra Pradesh, and a leading destination for IT innovation and employment.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Government\u2019s Vision: Visakhapatnam as \u201cDigital Capital\u201d<\/h3>\n\n\n\n<p>Earlier this year at the World Economic Forum in Davos, Andhra\u2019s IT and Human Resources Minister <strong>Nara Lokesh<\/strong> had discussed expansion possibilities with Cognizant CEO <strong>Ravi Kumar S<\/strong>, encouraging the tech giant to consider <strong>tier-2 cities like Visakhapatnam<\/strong> for future investments.<\/p>\n\n\n\n<p>Lokesh has been a vocal advocate for transforming the coastal city into a digital destination. In a CNBC-TV18 interview, he said,<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIf Goa were to marry Bangalore and have a child, that would be Visakhapatnam.\u201d<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Follows Similar Land Allotment to TCS<\/h3>\n\n\n\n<p>This development comes just months after <strong>Tata Consultancy Services (TCS)<\/strong> was allotted <strong>21 acres in Visakhapatnam for just 99 paisa<\/strong>, reinforcing the government\u2019s <strong>pro-tech investment stance<\/strong>. These back-to-back land allotments signal a serious policy shift to turn Visakhapatnam into a <strong>vibrant IT corridor<\/strong> rivaling India\u2019s biggest tech hubs like Bengaluru and Hyderabad.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\">Conclusion<\/h3>\n\n\n\n<p>With the dual boost from <strong>Cognizant and TCS<\/strong>, and a friendly investment climate supported by <strong>low-cost land offers<\/strong>, <strong>Visakhapatnam is rapidly emerging as India\u2019s next IT hotspot<\/strong>. As Cognizant gears up to create thousands of jobs and invest heavily in local infrastructure, Andhra Pradesh&#8217;s vision of a digital-first economy is swiftly becoming a reality.<\/p>\n\n\n\n<p><a href=\"https:\/\/content.techgig.com\/technology\/cognizant-secures-prime-50-acre-land-in-andhra-pradesh-for-just-1-rupee\/articleshow\/121985888.cms\">Image Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a landmark move set to boost Andhra Pradesh\u2019s tech landscape, Cognizant Technology Solutions has committed to investing \u20b91,582 crore in building a new IT campus in Visakhapatnam. The initiative is expected to generate 8,000 new jobs over the next eight years, further strengthening the city&#8217;s position as a future-ready digital hub. 21 Acres Allotted [&hellip;]<\/p>\n","protected":false},"author":30,"featured_media":1296784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[8120,565,4972],"class_list":["post-1296772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-99-paisa","tag-cognizant","tag-it"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cognizant Gets 50-acre Land In 99 Paisa For Creating 8000 Jobs In Andhra Pradesh - Trak.in - Indian Business of Tech, Mobile &amp; Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/cognizant-gets-50-acre-land-in-99-paisa-for-creating-8000-jobs-in-andhra-pradesh\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cognizant Gets 50-acre Land In 99 Paisa For Creating 8000 Jobs In Andhra Pradesh - Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"og:description\" content=\"In a landmark move set to boost Andhra Pradesh\u2019s tech landscape, Cognizant Technology Solutions has committed to investing \u20b91,582 crore in building a new IT campus in Visakhapatnam. The initiative is expected to generate 8,000 new jobs over the next eight years, further strengthening the city&#8217;s position as a future-ready digital hub. 21 Acres Allotted [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/cognizant-gets-50-acre-land-in-99-paisa-for-creating-8000-jobs-in-andhra-pradesh\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile &amp; Startups\" \/>\n<meta property=\"article:published_time\" content=\"2025-06-24T05:08:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-24T05:09:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-24-at-10.37.32\u202fAM-1024x571.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"571\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Mohul Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mohul Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/cognizant-gets-50-acre-land-in-99-paisa-for-creating-8000-jobs-in-andhra-pradesh\/\",\"url\":\"https:\/\/trak.in\/stories\/cognizant-gets-50-acre-land-in-99-paisa-for-creating-8000-jobs-in-andhra-pradesh\/\",\"name\":\"Cognizant Gets 50-acre Land In 99 Paisa For Creating 8000 Jobs In Andhra Pradesh - Trak.in - Indian Business of Tech, Mobile &amp; 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