Infotech Lead India: Tata Consultancy Services (TCS) will invest Rs 550 crore to set up a campus in Indore for IT and BPO.
“Indore has the potential to become another big hub for knowledge-based industries like IT and BPO with its strong eco-system of universities. Our investment will help catalyse further development of the talent ecosystem as well as help upgrade the civic infrastructure in the area,” said TCS Chief Financial Officer and Executive Director S Mahalingam.
The campus will be located on a 100-acre property allotted by the Madhya Pradesh government and the construction of phase I is expected to be completed by March 2016 once all the permissions are received.
The total development area of the campus is expected to be around 1.5 million sq ft.
The campus is expected to provide direct job opportunities to 10,000 associates in phase I and an estimated indirect job opportunity for another 10,000 people in supporting functions, the statement added.
Moreover, during the design and construction phase of approximately four years, there will be employment opportunities for about 2,500 construction workers.
Recently, InfotechLead.com reported that TCS is gaining from its Big Data initiatives across the world. TCS, which reported second quarter revenue of Rs 15,621 crore, up 34.3 percent y-o-y, said it used Big Data technologies to convert legacy linear analytical engines to distributed computing models for a global market research firm which enabled the customer to leverage the entire population data instead of sample data analysis and driving a 10x improvement in execution time.
During the second quarter of 2012-13, India’s IT major was also selected by a global food & beverage firm as Big Data Solution development partner to and generate granular insights and forecasts using advanced analytical models with scalable computation Transformation.