Cognizant Technology Solutions has lifted up its realty infrastructure expansion in the Indian market by around $200 million.
The US-based tech firm, which has large offshore attendance in the Indian market, has reviewed its investment proposal to a total of $700 million in realty from 2011 through 2015.
This is to swell its campuses in the country by an extra 10.5 million sq ft.
This lengthened programme consists of spending on land acquirement, facilities building and furnishings to fabricate novel company-owned IT growth and delivery centres in areas mainly designated as Special Economic Zones in India.
In February last year, Cognizant Technology Solutions declared $500 million of investment in its India infrastructure growth via 2014 end.
But, at the commencement of 2012, the US-based company decided to inflate its planning prospect for the India realty programme to 2015 and afar.
For the initial quarterly period ended March 2012, the company ended up with $2.5 billion of cash and short-term investments.
It expended about $60.5 million for capexes during the quarter.
While talking about the company's financial outcomes, Ms. Karen McLoughlin, Chief Financial Officer, Cognizant, stated, “During 2012, we expect our capital expenditure to total approximately $370 million.”
Cognizant complete the March quarter with approximately 1,40,500 employees internationally.
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