Conginzant’s 99 paise deal: IT giant grabs 21.31 acres land in Andhra: What the deal is

Cognizant will establish a major IT campus in Visakhapatnam, securing 21.31 acres of land from the Andhra Pradesh government for a nominal price. The company plans to invest Rs 1,582 crore in the project, which is expected to generate 8,000 jobs over the next eight years. This move aligns with Andhra Pradesh’s vision to transform Visakhapatnam into a technology hub.