The company signed a memorandum of understanding with Tamil Nadu government
The downgrade comes on the heels of Rousseff submitting a budget to Congress that already had a built-in deficit of about $10 billion (Representational Image)
IT major Cognizant Technology Solutions plans to invest around Rs 1,000 crore over the next five years to expand delivery infrastructure in Chennai and Coimbatore.
The company signed a memorandum of understanding with Tamil Nadu government today on the sidelines of Global Investors Meet.
The company is in the next phase of growth in Tamil Nadu, Lakshmi Narayanan, vice-chairman, Cognizant, said. “We intend to develop world-class global delivery centers in Chennai and Coimbatore.
When complete, the centres will have a capacity to accommodate approximately 17,000-20,000 professionals,” he said.
Cognizant, which was founded in Chennai in 1994, shares a special relationship with Tamil Nadu. In the past 20 years, Cognizant has seen significant growth in Tamil Nadu and globally.
The company has grown its revenue from about $2 million in 1994 to over $10 billion in 2014, and its headcount from about 175 professionals in one delivery centre in Chennai to over 218,000 in over 100 delivery centres worldwide in 2014.
( Source : deccan chronicle )
Next Story
