Cognizant To Infuse $200Mn In India By 2008

KOLKATA: IT and business outsourcing company Cognizant on July 3, said it will infuse $200 million by the end of 2008 to establish centres across the country. They will spend $200 million (about Rs 800 crore) to build techno-complexes in Chennai, Coimbatore, Hyderabad and Kolkata. The campuses, to be spread over total three million square feet area, would have capacity for over 30,000 employees. The present Cognizant employee strength is around 44,000. The investment will go into the second fully-owned techno-complex to be spread over 500,000 sq ft in Phase 1 to accommodate about 4,000 professionals when completed. The Rs 188 crore (about $46 million) investment of the first phase of expansion would be utilised on land acquisition, construction of facilities and furnishing.