Bracing up to counter the US slowdown effect, Cognizant Technology Solutions is further expanding its presence in India. The company, which is targeting around 10-15 per cent of its revenue to come from outside the US and European markets in the next two to three years, will invest approximately $46 million (Rs 201 crore) to further expand its infrastructure in Kolkata.
A company source told Business Standard the company would add about 500,000 sq ft of office space in the first phase of its new fully-owned tech-complex coming up on 20 acres in Bantala, a special economic zone designated area. “Once completed, this new facility will be able to accommodate around 4,000 employees,” the company said. Cognizant currently employs around 5,000 personnel out of Kolkata in six development centres – one fully-owned and the rest leased facilities.