Chief Minister Shri Shivraj Singh Chouhan lays the foundation stone
Indore, India, August 10, 2013: Tata Consultancy Services (BSE: 532540, NSE: TCS), a leading IT services, consulting and business solutions organization, announced that it will set up a software development campus in Indore, Madhya Pradesh, with an investment of Rs. 500 crores in two phases.
The TCS Indore campus will be located in the SEZ Area allotted by the Madhya Pradesh government. The Hon'ble Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chouhan was present to preside over this occasion and laid the foundation stone for Phase I at a ceremony held at the site of the campus today. He was joined by other dignitaries from the city.
N Chandrasekaran, Chief Executive Officer and Managing Director, TCS, said, "Indore is among the fastest growing cities in India by virtue of its business ecosystem and infrastructure development. The city has a good potential to transform into a knowledge hub. TCS' investment will further boost the economy of the state by nurturing the development of talent and re-instilling inclusive growth. We are committed to working in harmony with all the stakeholders in the state to provide high-end solutions to our customers from this location."
"On behalf of TCS, I would like to thank the Hon'ble Chief Minister of Madhya Pradesh for making time for this auspicious function. We would not have been able to commence this project without the help of the Madhya Pradesh government officials whose energy and commitment to this project has helped make it a reality," he added.
Hon'ble Chief Minister of Madhya Pradesh, Shri Shivraj Singh Chouhan, said, "We welcome Tata Consultancy Services to set up its campus in Indore focused on IT and BPO services. Madhya Pradesh is among the fastest growing states in India in terms of GDP today, which reinforces our intent to provide the best-in-class infrastructure, jobs and business opportunities to the people of the state. We are certain that TCS' entry into the state will open new avenues for economic development of the state."
The world-class TCS campus will comprise software engineering blocks, training facilities, amphitheatre and other facilities to offer a holistic environment for knowledge professionals. Sprinkled with water bodies and green areas, the park will incorporate several green building concepts such as zero discharge, energy efficient systems, rain water harvesting systems and integrated building management systems.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO,infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 277,000 of the world's best-trained consultants in 44 countries. The company generated consolidated revenues of US $11.6 billion for year ended March 31, 2013 and is listed on the National Stock Exchange and Bombay Stock Exchange in India.
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TCS LIKELY TO START RECRUITMENT'S SOON
One of the biggest IT company of India TCS is all set to start functions in city. According to information company will initiate recruitment for their and also start construction work at site. On other hand infosys has not shown any sign of starting work.
After taking possession on 100 acre land at Super corridor TCS were in hurry to start construction here. According to information initially company will construct a boundary wall here and also start recruitment for their unit in city.
Company is looking to open Data center, BPO and software development center and more than 10,000 computer engineer will get jobs here. It is said that company will install recruitment camps in different parts of state and also recruit manpower from colleges campuses.
TCS will spend more than 550 crore to built a building here and it will be based on green building concept. Which means the construction would held on only 30 percent area whereas remaining 70 percent area would be covered with greenery. Though the production from here would start from 2016 but construction will start very soon.
Infotech major Tata Consultancy Services (TCS) will start developing its facility here on an 100 acres of land at the special economic zone ( SEZ) from August 10, officials said here today. The foundation laying ceremony and construction of the TCS facility will take place on August 10 in the Super Corridor area on the outskirts of Indore city, they said. The decision was taken after a high-level meeting chaired by Madhya Pradesh Chief Minister Shivraj Singh Chouhan at the Indore airport.
Chouhan directed officials to ensure availability of all facilities for the construction of the TCS facility. Under the first phase, the company will develop its premises with an investment of Rs 550 crore within two years. After the completion of first-phase, 5000 people will get direct employment and 15,000 others will get indirect employment at the facility. The facility will be completed fully in five phases, after which 25,000 people would get direct and another one lakh would get indirect employment, they said. The Madhya Pradesh government has provided 100 acre of land to TCS at concessional rates on the super corridor with an agreement that 50 per cent of jobs would be given to people from the state.
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