TCS to invest over Rs 1100 cr in Karnataka
The Times of India
THANUJA B M
TIMES NEWS NETWORK[ FRIDAY, JUNE 23, 2006 10:00:47 AM]
BANGALORE: Tata Consultancy Services (TCS) is planning to expand its footprint in Karnataka. The company, which currently has development centres in Bangalore, will expand both in the city as well as move into the second tier cities in the state.
The entire expansion would envisage an investment of over Rs 1,100 crore in the next 2-3 years. According to sources, TCS has asked for 100 acres each in Bangalore and Mysore and 50 acres each in Mangalore and Hubli. The proposal is likely to come up before the State High Level Clearance Committee (SHLCC) when it meets in July this year.
If the plan is cleared, the government will have to acquire land in these cities which could take about six months, they add.
TCS earlier this month said that it would invest Rs 500 crore for a 50 acre development facility in Pune with a 5,000 seat capacity and ramp up to 10,000 people. Going by these numbers, the over Rs 1,100 investment in Karnataka could mean a creation of over 20,000 jobs across the four locations.
Currently, the IT major has five centres in Bangalore employing 10,500 people of which 2,000 staff are currently overseas. Other cities in India where TCS has centres are Delhi, Chennai, Hyderabad, Pune, Thiruvanathapuram and Ahmedabad . The company employs about 62,000 people both in India and overseas. It plans a gross addition of 30,500 people in 2006-07 .
