Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
India’s largest software services exporter, Tata Consultancy Services (TCS) will invest $110 million to set up a software development facility at Pune near Mumbai.
The company on Saturday signed a memorandum of understanding with the
state government of Maharashtra to acquire 50 acres of land for the new
project in the special economic zone, promoted by the Maharashtra
Industrial Development Corporation (MIDC).
At a press conference on Saturday, S. Ramadorai, CEO and managing
director, TCS, said the facility will have a capacity of 5,000 seats
but this would be expanded to 10,000 later.
TCS has over 60,000 employees and is the largest employer in Indian IT
services. “We will be recruiting another 9,000 engineers in Maharashtra
during the current fiscal year,” Ramadorai said.
The facility, in addition to having a software development centre,
would also have a team working for the R&D and engineering
services group. It will be operational in the next 18-24 months,
Ramadorai said.
The Maharashtra chief minister, Vilasrao Deshmukh, who was also present
at the press conference, said Maharashtra has recognised the "tough
competition" from other states in attracting investments. “ We will
provide infrastructural and other support including single-window
clearance to boost IT industry in the state,” he added.
He said the special economic zone (at Hinjewadi) is attracting
international attention and a TCS campus in the area would increase the
demand for land there and urged the company to extend its operations to
other smaller cities so that the pressure on the metros is taken off.
David Bass
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India’s largest software services exporter, Tata Consultancy Services (TCS) will invest $110 million to set up a software development facility at Pune near Mumbai.
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