Cognizant plans to develop state-of-the-art techno-complexes and expand its infrastructure in Chennai, Coimbatore, Hyderabad, Kolkata and Pune.
The company also plans campuses in special economic zones. Construction is expected to begin in the first quarter of 2007 and continue till the end of 2008.
In addition, Cognizant will continue to lease additional facilities to meet its headcount growth requirements. It employs about 35,000 people and by the end of 2006, the total headcount is expected to be around 38,000.
"Cognizant has grown faster than its competition over the last several years, and its strong pipeline reinforces our confidence in our future growth plans. As we plan for the next growth phase, we are focused on building the scale to address the needs of our businesses around the world. Building larger Cognizant-owned facilities in India is a key part of our strategy. We expect that our new construction programme will enable us to meet growing customer demand in North America, Europe, South America and Asia and continue to attract the industry's best and most talented people," said Gordon Coburn, chief financial officer, Cognizant.
