Mumbai/ Pune: IT services company Tata Consultancy Services has announced that it will set up operations in Madhya Pradesh by building a new integrated campus in Indore for IT and BPO.
The initial investment in the project will be Rs 550 crore in the first phase. The total development area of the campus is expected to be around 1.5 million square feet. Once all the applicable permissions are received, the construction of Phase I is expected to be completed by March 2016.
The campus will be located on a 100-acre property allotted by the Madhya Pradesh Government.
“Indore has the potential to become another big hub for knowledge-based industries like IT and BPO with its strong eco-system of universities and talented people. Our investment will help catalyse further development of the talent ecosystem as well as help upgrade the civic infrastructure in the area,” TCS Chief Financial Officer and Executive Director S. Mahalingam said.
“We remain committed to working in close collaboration with all stakeholders in the State to help the development of local talent and provide our customers with world-class IT and BPO solutions from this location,” it added.
On completion, the Tata group company expects to offer direct jobs to 10,000 associates in phase-I, it said in a statement.
There is an estimated indirect job opportunity for another 10,000 people in supporting functions and professions such as e-waste management, facilities management, transportation, hotels and hospitality, restaurants, utilities and financial, banking and other services.
Moreover, during the design and construction phase of about four years, there will be employment opportunities for about 2,500 construction workers.
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