Covasant Tech opens AI innovation centre, to hire 3,000 AI engineers by 2028

Agentic AI-led services provider Covasant Technologies on Monday opened its AI Innovation Centre in Hyderabad.

It plans to build a 3,000-strong talent pool in AI/ML, cybersecurity and data engineering by 2028, beginning with onboarding of 500 engineers at the new facility, Covasant said after IT and Industries Minister D.Sridhar Babu inaugurated the centre.

Alongside the firm’s offices in Dallas, New York, Los Angeles, London and Dubai, the centre will focus on advanced AI engineering, cybersecurity, enterprise automation and platform innovation for global markets. “Agentic AI is emerging as a powerful capability. Our focus is on solving actual enterprise problems, automating complex decision workflows, making AI agents a part of the enterprise fabric,” said founder C.V. Subramanyam, whose previous venture Cigniti Technologies was acquired by Coforge.

Addressing the gathering, Mr.Sridhar Babu said rapid growth of Artificial Intelligence (AI) has made it essential for professionals to upgrade skills. The AI University mooted by Telangana government in the proposed AI Hub will serve as a platform for reskilling and upskilling, equipping the workforce with cutting-edge capabilities. The university, to provide advanced training in emerging technologies to software engineers and students who are completing their studies, will be operational in a month or two, he said.

The Minister said the government in its role as a facilitator of growth is taking multiple steps, from attracting more investments, creating employment opportunities to enabling availability of skilled manpower. While 70 global capability centres of multinational firms, across industries, were set up last year in Hyderabad, this year the number is expected to race past 75, he said, adding no other city in India offered an ecosystem as conducive and supportive as Hyderabad.

IT powerhouse

Special Chief Secretary-IT and Industries Sanjay Kumar said Telangana government plans to establish India’s largest AI hub with an aspirational vision to make Hyderabad one of the top 20 destinations globally and build on the city’s status as an IT powerhouse.

The AI Hub will be a “single unified command centre where all the AI initiatives will be pooled in”. It will leverage on global collaborations with Ivy league institutions and global research hubs and be a globally resonant brand to attract best researchers, entrepreneurs and corporates. The goal is create more than 10,000 high value AI jobs by 2028 and train more than 1 crore people in the hub.