Visakhapatnam is poised to become a major information technology (IT) hub, with Cognizant set to establish a new campus in the city. The Government of Andhra Pradesh has sold 21 acres of land to the multinational IT services firm, which has committed to investing ₹1,582 crore over the next eight years. The project is expected to create 8,000 new jobs, with commercial operations slated to begin by 2029.
This strategic move follows a similar land allocation deal made in April 2025 with Tata Consultancy Services (TCS). The state government had allotted 21.16 acres of land to TCS at a token lease price for the development of an IT campus at an estimated investment of ₹1,370 crore. This project is projected to generate 12,000 jobs, further strengthening the region’s economy and providing employment opportunities for local talent.
The Andhra Pradesh government is clearly committed to fostering economic development and employment through strategic partnerships with leading technology companies. In addition to the IT sector initiatives, the government had also approved the allocation of 6.35 acres of land in Guntur to the Employees’ State Insurance Corporation (ESIC). The land will be used to set up a 100-bed hospital and residential quarters for ESIC employees, marking a step forward in improving healthcare infrastructure in the region.
These investments reflect Andhra Pradesh’s broader vision to position itself as a hub for IT, healthcare, and industrial growth—creating jobs, empowering youth, and boosting the local economy.
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