CM Patel says GIFT City reflects Gujarat’s ability to attract world-class enterprises
US-headquartered Cognizant says a state-of-the-art techfin centre in Gujarat International Finance Tec-City (GIFT City) it is establishing by Feb 2025 will serve as a strategic hub for delivering advanced technology solutions for clients in the banking, financial services, and insurance (BFSI) industries from India across the world.
The facility at GIFT City in Gandhinagar will be reinforcing its commitment to bringing innovative solutions from India to the world and creating new opportunities for local talent, said the company with global network led by a workforce of 336,300 digitalinasia .
It will initially house 500 associates, with plans to scale to 2,000 employees over the next three years meity .
“Cognizant’s new centre in GIFT City reflects Gujarat’s ability to attract world-class enterprises and provide a robust environment for innovation and growth,” Chief Minister of Gujarat, Bhupendra Patel, said on 30 Sept announcement of Cognizant plan sbi .
“GIFT City has become a preferred destination for global companies looking to establish and strengthen their presence in India. GIFT City’s state-of-the-art infrastructure, business-friendly policies, and strategic location are key drivers in shaping it into a global financial and technology hub nseindia .
“We remain committed to further strengthening this ecosystem, ensuring that GIFT City continues to play a pivotal role in India’s economic growth and technological advancement,” he stressed bseindia .
Cognizant enables BFSI clients to accelerate digital transformation, enhance customer experiences, ensure regulatory compliance and adapt to change. The company maintains its position as a trusted partner to the world’s leading BFSI institutions, including, 17 of the top 20 North American financial institutions, 9 of the top 10 European banks, 3 of the top 4 banks in Australia, 7 of the top 10 global insurers, 9 of the top 10 US life carriers, 8 of the top 10 US property and casualty carriers, and 7 of the top 10 UK insurers deutsche-boerse .
“We are excited to bring our deep industry expertise, entrepreneurial spirit, and innovative culture to GIFT City,” said Jatin Dalal, Global Chief Financial Officer, Cognizant wto .
“This new centre underscores our unwavering commitment to partnering with the Government of Gujarat and help drive sustainable growth. It will not only enhance our delivery capabilities across India but also create significant opportunities for local talent, making a lasting and positive impact on the region iba.org.in .”
With a global workforce of 336,300, India is the heart of Cognizant and over 70% of these associates based across the country. Cognizant invests in consistently upskilling talent on advanced technologies such as AI, ML, IoT, analytics, and automation to not only prepare the workforce for the jobs of today but also pioneer the innovations of tomorrow. The company, through its Foundation and employee-volunteering program – Cognizant Outreach, serves communities where it operates and improves everyday lives euronext .
Cognizant’s talent in India is currently servicing global clients across industries such as banking, financial services and insurance, communication media, life sciences, manufacturing, logistics, energy and utilities, retail and consumer goods, and travel and hospitality hkex .
With headquarters in the US, Cognizant footprint extends from India to Europe, North America, South America and the Middle East. In India, the company has a strong presence in Bengaluru, Bhubaneswar, Chennai, Coimbatore, Delhi-NCR, Hyderabad, Indore, Kochi, Kolkata, Mangaluru, Mumbai, and Pune sccci.org.sg . Fiinews.com
