TCS to invest Rs 500 cr to setup software development centre

New Delhi, Aug 11: Tata Consultancy Services (TCS), the country's largest software services exporter, will invest Rs 500 crore to set up a software development campus in Indore, Madhya Pradesh.The Indore campus will be located
tcs to invest rs 500 cr to setup software...
PTI 11 Aug 2013, 08:31 AM IST
New Delhi, Aug 11: Tata Consultancy Services (TCS), the country's largest software services exporter, will invest Rs 500 crore to set up a software development campus in Indore, Madhya Pradesh.



The Indore campus will be located in the Special Economic Zone area allotted by the Madhya Pradesh government, the company said in a statement.

"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," N Chandrasekaran, chief executive officer and managing director of TCS, said.

"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 work in harmony with all the stakeholders in the state to provide high-end solutions to our customers from this location," he added.

The new facility would house software engineering blocks, training blocks, amphitheatre and other facilities to offer a holistic environment to knowledge professionals.

It will incorporate green building concepts such as zero discharge, energy efficient systems, rain water harvesting systems and integrated building management systems, the company said in a release.

"We are certain that TCS' entry into the state will open new avenues for economic development of the state," Madhya Pradesh chief minister Shivraj Singh Chouhan said.
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