Cognizant to spend $200mn in new facilitiesBS Reporter / Mumbai July 3, 2007US-based IT major Cognizant Technologies plans to spend $200 million by 2008-end to build new fully-owned techno-complexes across Chennai, Coimbatore, Hyderabad and Kolkata.The investment will be in phases. In the first phase, the company today announced a $46 million (Rs 188 crore) investment in Kolkata for a techno-complex. The complex will accomodate close to 4,000 employees.This new fully-owned techno-complex is coming up on 20 acres of land in Bantala, a special economic zone designated area. In addition to this facility, Cognizant will continue to lease additional facilities in Kolkata as required to meet its headcount growth requirements.R Chandrasekaran, president and managing director, Cognizant said, "As we plan for the next phase of Cognizant
