Cognizant Technology Solutions said it will invest an additional $100 million in India, taking its total investment in the country to $300 million over the next two years.
The IT and BPO major said the additional investment will be used to expand its new Chennai campus  located in a special economic zone  which will double in size with an area of over 2 million sqft.
Cognizant is increasing the size of the first phase of planned construction of its SEZ facility in Coimbatore to over 7,25,000 sqft. It also plans to acquire additional property in Hyderabad and Chennai.
Chief financial and operating officer Gordon Coburn said: “We expect this investment to enhance our flexibility to meet the escalating demand for our services from both new and existing customers around the world.â€Â
In November 2006, Cognizant announced it has planned to spend more than $200 million on land, building and other facilities for upcoming techno-complexes. The move, it said, would increase its existing campus area in India by more than 3 million sqft with a capacity to accommodate over 30,000 new employees.
Of the 46,000 professionals globally, over 35,000 are in India, spread across its eight locations in Chennai, Pune, Kolkata, Bangalore, Hyderabad, Mumbai, Coimbatore and Kochi. Source:indiatimes
