Patni to set up 17000-seat software park in Airoli

Patni Computer System on Wednesday announced plans to set up a 17,000-seat software development park.

Patni knowledge park, as the new campus has been named, is expected to be ready by 2005-end. Patni has already acquired 50 acres of land in the MIDC technology park in Airoli, Navi Mumbai.

Phase I of the project, which will entail an investment of Rs 230 crore, is expected to be completed in early 2005. It will accommodate 5,000 professionals. The software park will then be ramped up to its full capacity when new projects are bagged, said Patni officials.

Narendra Patni, chairman and CEO, said, "We are committed to enhancing our position as a leading Indian provider of integrated IT services and to strengthen our delivery capabilities. This knowledge park is a major step towards this effort."

"The Knowledge Park will meet the needs of Patni's rapidly growing business requirements by providing end-to-end IT off-shoring services for clients in insurance, financial services, manufacturing and other verticals. This will enable Patni to quickly ramp up operations to meet dynamic client requirements and also venture into new high-growth verticals," he added.