The Hindu : Front Page : Madurai in “final five” of Cognizant

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Sunday, Feb 03, 2008
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Madurai in “final five” of Cognizant

Shastry V. Mallady

MADURAI: Global IT solutions major Cognizant has shortlisted Madurai as one of the five promising locations in the country where it would establish its software development facilities.

“After evaluation, Madurai was included among the five locations. It is on our radar and will be a place for our long term investment,” Lakshmi Narayanan, Cognizant’s Vice-Chairman, told The Hindu here on Saturday.

Mr. Narayanan, who is also the Chairman of National Association of Software and Services Companies (NASSCOM), said that Cognizant was the first company to enter into tier-II cities like Coimbatore and “locations like Madurai will find a place in the company’s future operations.”

He was responding to a specific question about the IT parks being set up in Madurai by the State Government and the participation plans of Cognizant in them. “I will not be able to comment on the other locations in our list at this stage. About Madurai I can say that it is in our list,” he added.

The Cognizant chief was in the city to inaugurate competitions organised for school students by Thiagarajar College of Engineering (TCE).

Asked about the fears of slow down of US economy and its possible impact on the Indian IT firms, the NASSCOM chief said it was unlikely that the job creation potential would be affected in our country because of American economy.

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