TCS to set up campus in Indore with initial investment of Rs 550 crore

Tata Consultancy Services (TCS) has signed a Memorandum of Understanding with the Madhya Pradesh government, today, to set up a software development campus in Indore. The state government has allotted over 100 acre of land. TCS is making an initial investment of Rs 550 crore in the first phase. The campus will be established on an area of 1.5 million square feet. The construction of Phase I is expected to be completed by March 2016.

On completion, the TCS campus will provide direct job opportunities to 10,000 associates in phase I. Besides direct job opportunities, there is an estimated indirect job opportunity for another 10,000 people in supporting functions and professions like e-Waste management, facilities management, transportation, hotel and hospitality, restaurants, utilities and financial, banking and other services.. Moreover, during the design and construction phase of approximately 4 years, there would be employment opportunities for about 2,500 construction workers.

The TCS Indore campus plans to incorporate green building concepts such as zero discharge with 100% recycling of sewage, energy efficient systems, rain water harvesting systems and integrated building management systems.

S Mahalingam, Chief Financial officer & Executive Director, TCS said, “Indore has the potential to become another big hub for knowledge-based industries like IT and BPO with its strong eco-system of universities and talented people. Our investment will help catalyse further development of the talent ecosystem as well as help upgrade the civic infrastructure in the area. We remain committed to working in close collaboration with all stakeholders in the state to help development of local talent and provide our customers with world-class IT and BPO solutions from this location.”