TCS to set up new campus in Nagpur for Rs 600 crore

Dec 19, 2011 |

mumbai

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The country's largest software exporter Tata Consultancy Services on Monday said it will build a new software development unit in Maharashtra at an initial investment of Rs 600 crore, creating jobs for over 8,200 professionals.

The campus will be located at Nagpur, Maharashtra, in the Mihan Special Economic Zone (SEZ), Tata Consultancy Services (TCS) said in a filing to the BSE.

"Nagpur has the potential to become the next big hub for knowledge-based industries like IT and engineering with its strong eco-system of universities, talented people and infrastructure," TCS CEO and MD N. Chandrasekaran said.

The TCS Nagpur campus will be build in two phases, the first of which will contain 8,200 seats for IT services and BPO services. The second phase will be of similar scope, it said.

Once the project is completed, the campus will accommodate 16,000 associates, the filing added.

Shares of TCS were trading at Rs 1,120.25 apiece on the BSE on Monday, down 2.03 per cent from their previous close.

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