Hyderabad, Dec 8 (IANS) Cognizant Technology Solutions, which recently became the fourth largest provider of IT services in India, Friday announced plans to invest over $30 million to expand its infrastructure here.
The company will invest in building a 500,000 square feet facility in the special economic zone (SEZ) to create capacity for 5,000 new employees, said Lakshmi Narayanan, president and CEO, Cognizant.
He told a news conference that the company had acquired nine acres in SEZ to build the first fully owned techno facility. It also planned to lease space in SEZ to expand is operations.
This will be the largest investment in Hyderabad since the company launched its operations in 2002 through an acquisition. From 200 associates four years ago, the company now has 2,000 associates.
http://www.teluguportal.net/modules/news/article.php?storyid=24410
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