TCS to invest Rs 550 cr to set up software development campus in Indore

India’s largest IT services provider Tata Consultancy Services (TCS) today announced that it will set up operations in  the state of Madhya Pradesh 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 total development area of the campus is expected to be around 1.5 million square feet. Once all the applicable permissions are received, the construction of Phase I, is expected to be completed by March 2016. The TCS Indore Campus will be located on a 100-acre property allotted by Madhya Pradesh government.

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 will be employment opportunities for about 2500 construction workers.

“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,” said S Mahalingam, Chief Financial officer & Executive Director, TCS.

The facility will comprise software engineering blocks, training centre, amphitheatre, customer care centre, auditorium as well as facilities to offer a holistic environment to knowledge professionals.