IT and BPO services provider Cognizant Technology Solutions Corporation opened its first development centre in Kochi, Kerala on Wednesday.
In the first phase, 400 professionals would be recruited and trained for the 37,000 square feet new facility housed at the special economic zone notified Muthoot IT park, Cognizant Vice-Chairman Lakshmi Narayanan told reporters in Koch. Later, the capacity would be increased to 800 professionals.
The company has taken up 74,000 square feet space in the park.
Cognizant had recently announced plans to expand its infrastructure in India at an inves
tment of about $200 million by the end of 2008 on land acquisition, facilities construction and furnishing.
The centre would initially focus on information, media and entertainment industry and gradually expand to other industries including financial services, healthcare, manufacturing, retail and telecommunications in the coming years.
The company expects to build new fully-owned techno-complexes to increase existing campus footprint in India with the addition of over three million square feet and capacity of over 39,000 new employees, Narayanan, who is also Nasscom chairman, said.