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Cognizant Gets Land in Andhra Pradesh for Less than a Rupee; Here’s How

Summary by Live Mint
The Andhra Pradesh government has granted acres of land to Cognizant in Visakhapatnam for 99 paise, with a commitment to invest ₹1,582 crore and create 8,000 jobs. This follows a similar deal with TCS which took place in April.

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Chandrababu Naidu's government in Andhra Pradesh has signed an agreement with IT company Cognizant. Under this agreement, the company will get land in the city for just 99 paise. Two months ago, the government here had also signed a similar agreement with India's largest software company Tata Consultancy Services (TCS). Cognizant is going to make a big investment Cognizant's headquarters is in Teaneck, New Jersey. The company has promised to inv…

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News18 India broke the news in India on Friday, June 20, 2025.
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