IT major Tata Consultancy Services (TCS) said it will set up an integrated campus in Indore for IT and BPO with an initial investment of Rs 550 crore in the first phase. An agreement to this effect was signed by TCS and officials of the state government in Indore at a function presided over by Chief Minister of Madhya Pradesh Shivraj Singh Chauhan.
"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," TCS Chief Financial Officer and Executive Director S Mahalingam said in a statement.
"TCS will set up operations in the state by building a new integrated campus in Indore for IT and BPO with an initial investment of Rs 550 crore in the first phase," the statement said.
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 statement said.
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," it said.
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