TCS to invest Rs 600 crore in first phase of new software development campus in Nagpur
19 Dec 2011
India's leading software services exporter Tata Consultancy Services (TCS) said on Monday it will expand its operations in Maharashtra by setting up a new software development campus in Nagpur with an investment of Rs600 crore in the first phase.
The campus, to be located on a 54-acre property at Mihan Special Economic Zone (SEZ) on the city's outskirts, would be completed in two phases and will house 16,000 employees, the company said in a statement.
The campus will be built in two phases with Phase I containing 8,200 seats for information technology services and business process outsourcing services. The phase 2 will be of a similar size.
"Nagpur has the potential to become the next big hub for knowledge-based industries like IT and engineering with its strong eco-system of universities, talented people and infrastructure. After Mumbai and Pune where we employ over 40,000 people, we are delighted to be part the IT revolution in Nagpur," TCS chief executive officer and managing director N Chandrasekaran said.
"Our growing presence in Maharashtra continues to be of strategic importance for our overall business growth and we remain committed to working in close collaboration with all stakeholders in the state to help development of local talent and provide our customers with the world-class IT solutions from this location," he added.
Maharashtra chief minister Prithviraj Chavan laid the foundation stone for Phase 1 at a ceremony held at the site of the campus today.
