Cognizant Technology Solutions, the US-based provider of information technology, consulting, and business process outsourcing services, will invest in India over $500 million through the end of 2014. This is to expand its owned campus footprint with the addition of over eight million sq ft to help the company accommodate nearly 55,000 employees, according to a company press release.
The real estate development programme will create additional software development and training facilities in regions designated as Special Economic Zones in Chennai, Pune, Coimbatore and Kolkata.
In addition to the construction of owned facilities, Cognizant will continue to actively lease additional facilities throughout India to meet its future staffing requirements
The expansion programme is part of its ongoing strategy to invest in people, processes, systems and infrastructure to support the long-term growth,” said Mr Gordon Coburn, Chief Financial and Operating Officer, Cognizant.
“We will continue to evaluate opportunities for further construction expansion over the coming years.”