Monday, 24 April 2017 08:53

TCS announces Australia expansion as 457 visas scrapped Featured

By

Indian outsourcing giant Tata Consultancy Services has decided to set up an innovation lab in Australia as a result of Prime Minister Malcolm Turnbull's recent visit to India.

It appears to be an unfortunate coincidence as it came just before Turnbull announced that the 457 visa scheme — on which TCS and every other outsourcing company depends for much of its revenue in the country — would be scrapped.

Turnbull visited the TCS headquarters in Mumbai as part of his three-day trip to India and had a one-on-one meeting with TCS chief executive and managing director Rajesh Gopinathan.

But TCS has time to review its options as the company said, following the announcement, that it would spend the next six months deciding on where the lab should be based.

TCS is providing IT operations for at least three big Australian companies: Westpac, Qantas and AGL. All these contracts have led to a sizeable number of Australian technical staff being made redundant.

A statement issued by Turnbull's office said: "The new facility in Australia will operate as a collaborative space for TCS and its industry partners, employing the best Australian talent, and utilising the company’s vast network of expertise in innovation.

"It will complement the Turnbull government’s Innovation and Science Agenda, delivering crucial investment across a range of sectors, including financial services, aviation and retail."

TCS already has nine such labs in the UK, the US, and India.

Gopinathan was quoted as saying: “TCS has a long history of innovation working with our clients across Australia. I am delighted to take this partnership to a new level in pursuit of Prime Minister Turnbull’s Science and Innovation Agenda."

TCS has 378,000 employees globally, with 3000 in Australia, and operates across a range of industries such as automotive, steel, energy and consumer goods.

It reported global revenues of US$17.58 billion for the financial year 2016-17.

CHIEF DATA & ANALYTICS OFFICER BRISBANE 2020

26-27 February 2020 | Hilton Brisbane

Connecting the region’s leading data analytics professionals to drive and inspire your future strategy

Leading the data analytics division has never been easy, but now the challenge is on to remain ahead of the competition and reap the massive rewards as a strategic executive.

Do you want to leverage data governance as an enabler?Are you working at driving AI/ML implementation?

Want to stay abreast of data privacy and AI ethics requirements? Are you working hard to push predictive analytics to the limits?

With so much to keep on top of in such a rapidly changing technology space, collaboration is key to success. You don't need to struggle alone, network and share your struggles as well as your tips for success at CDAO Brisbane.

Discover how your peers have tackled the very same issues you face daily. Network with over 140 of your peers and hear from the leading professionals in your industry. Leverage this community of data and analytics enthusiasts to advance your strategy to the next level.

Download the Agenda to find out more

DOWNLOAD NOW!

Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments