Tata Consultancy Services and Wipro Technologies, the global IT business of Wipro Limited, on Monday unveiled plans to develop new campuses in Hyderabad. TCS is planning to hire 8,500 people, while Wipro officials spoke of hiring 24,000 over the next five years.
Mr S. Ramadorai, managing director and CEO of TCS, told reporters that TCS, the largest software maker in India, will be building the new campus, called Synergy Park, adjacent to the CMC Limited’s facility here. TCS has a 52 per cent stake in CMC Limited. He said the first phase of the new campus, which will have a built-up area of 335,000 square feet, would be ready by March next year, while the entire facility will be completed by 2009. Synergy Park, spread over 51 acres of land, will serve as a global software development centre and will be used both by TCS and CMC.
TCS currently has a development centre called deccanpark, which houses over 2,500 employees.
Speaking at the inauguration of Wipro’s new campus in Manikonda, company chairman Azim Premji said Wipro would be setting up its third campus in Gopanapally, for which the Andhra Pradesh government has allocated 300 acres of land. Andhra Pradesh chief minister Y.S.R. Reddy, who unveiled the foundation stones of both the new campuses, said Wipro would be having 30,000 employees, a figure which was confirmed by Dr A. Lakshman Rao, chief operating officer of Wipro Ltd. Mr Premji said the newly-inaugurated campus would house 3,000 people. "It’s the second largest development centre of Wipro in India, after Bangalore," he said. Wipro currently has 6,000 employees, he said, adding that the Hyderabad facilities had accounted for Rs 1,200 crores of exports for Wipro in 2005-06.
Mr Premji said Wipro Limited planned to have a large expansion of its presence in Andhra Pradesh, both in its IT and its consumer business. It is also in the process of setting up an IT facility in Visakhpatnam. Mr Ramadorai said TCS would also consider setting up a facility in Visakhapatnam.
Asked whether CMC would be merged with TCS, Mr Ramadorai replied in the negative.
"CMC is an independent company in which TCS has a 51 per cent stake. It has some key offerings, and TCS and CMC will be going to the market together," he said. Mr Ramadorai said TCS was expanding its operations in India and elsewhere because there was strong demand for outsourcing to India. "We have said that TCS will be hiring a net of between 24,000 to 25,000 people in 2006-07. That’s more than all of the other IT companies in the country."
Wipro, TCS to build new campus
April 25, 2006, 9:52 amMCA, TCS starts e-governance
April 25, 2006, 9:51 am
The ministry of company affairs (MCA) and Tata Consultancy Services (TCS) announced the launch of the largest e-governance initiative (MCA21) in Mumbai on Monday. The MCA21 initiative has already been implemented in Coimbatore, Ernakulam, Pondicherry, Delhi, Jaipur, Pune, Ahmedabad and Hyderabad. Later this week, it will be rolled out in Bangalore and Gwalior as well.
The programme is expected to provide easy access to electronic or e-filing of annual corporate returns with the registrars of companies (RoCs) and the ministry of company affairs.
Through this project, corporates in Mumbai can now register a company, file statutory documents quickly with the use of digital signatures, provide investors with easy access to relevant company records and effective grievance redressal platform. Mr S. Ramadorai, chief executive officer and managing director, TCS, said, "This initiative will enable all existing and future corporate entities to transact all statutory requirements with the MCA through a set of pre-defined service levels thereby bringing speed, transparency and efficiency into the system."
Initially, 53 offices will be manned by TCS to support free e-filing of documents by corporate houses in conjunction with the 20 offices of RoCs nationwide. Additionally, regional councils, professional agencies and local chapters, such as Institute of Company Secretaries of India, Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India, will be allowed to operate additional centres to provide certified e-filings for a nominal service charge.
With more than 7,000 companies under liquidation proceedings, the MCA also announced a similar initiative to digitise the huge number of documents generated during the liquidation process. The tenders for the multi-crore initiative would be announced soon.
The programme is expected to provide easy access to electronic or e-filing of annual corporate returns with the registrars of companies (RoCs) and the ministry of company affairs.
Through this project, corporates in Mumbai can now register a company, file statutory documents quickly with the use of digital signatures, provide investors with easy access to relevant company records and effective grievance redressal platform. Mr S. Ramadorai, chief executive officer and managing director, TCS, said, "This initiative will enable all existing and future corporate entities to transact all statutory requirements with the MCA through a set of pre-defined service levels thereby bringing speed, transparency and efficiency into the system."
Initially, 53 offices will be manned by TCS to support free e-filing of documents by corporate houses in conjunction with the 20 offices of RoCs nationwide. Additionally, regional councils, professional agencies and local chapters, such as Institute of Company Secretaries of India, Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India, will be allowed to operate additional centres to provide certified e-filings for a nominal service charge.
With more than 7,000 companies under liquidation proceedings, the MCA also announced a similar initiative to digitise the huge number of documents generated during the liquidation process. The tenders for the multi-crore initiative would be announced soon.
Domestic & overseas investors now eye smaller states
April 25, 2006, 9:50 am
It is the turn of the smaller states to emerge as the preferred destination of both domestic as well as overseas investors, a recent finding by the industry chamber Assocham said.
The findings pointed out that smaller states like Uttaranchal, Himachal, Chattisgarh, Jharkhand, and even Jammu and Kashmir, henceforth, will emerge as preferred destinations for investment for both overseas and domestic investors because of opportunity cost that these states offer in terms of incentives, holiday schemes and availability of raw material to investors.
The findings state that the epicentre of investments in these states will be mining, iron and steel, power both thermal and hydro, extraction of coal bed methane, oil and gas, pharmaceuticals, electronics, organic food, food processing industry, watch assembly, IT park and infrastructure.
Releasing the chamber’s assessment, Mr Anil K. Agarwal, Assocham president, said that the chamber’s evaluation was based on enquiries that it has been receiving from the prospective investors about the prospects of future investments in the smaller states for the last 6 months continuously to explore investment opportunities in them.
The majority of the companies are of the opinion that in smaller states, setting up of a manufacturing base will be far easier for a number of reasons. These include comparatively cheaper rates for land acquisition, availability of larger opportunity cost in terms of 10 to 15 years tax holiday scheme, exemptions relating to state levies, easier accessibility to the political system and less bureaucratic hassles, said Mr Agarwal.
Moreover, the smaller states are competing to attract investments among one another and this is one of the reasons that such states have fine tuned their economic policies and smoothened their administrative systems to suit the requirements of the investors. It has also been discovered that in smaller states, it is easier to avail of environment clearance from the respective governments as compared to other states, the assessment pointed out
The findings pointed out that smaller states like Uttaranchal, Himachal, Chattisgarh, Jharkhand, and even Jammu and Kashmir, henceforth, will emerge as preferred destinations for investment for both overseas and domestic investors because of opportunity cost that these states offer in terms of incentives, holiday schemes and availability of raw material to investors.
The findings state that the epicentre of investments in these states will be mining, iron and steel, power both thermal and hydro, extraction of coal bed methane, oil and gas, pharmaceuticals, electronics, organic food, food processing industry, watch assembly, IT park and infrastructure.
Releasing the chamber’s assessment, Mr Anil K. Agarwal, Assocham president, said that the chamber’s evaluation was based on enquiries that it has been receiving from the prospective investors about the prospects of future investments in the smaller states for the last 6 months continuously to explore investment opportunities in them.
The majority of the companies are of the opinion that in smaller states, setting up of a manufacturing base will be far easier for a number of reasons. These include comparatively cheaper rates for land acquisition, availability of larger opportunity cost in terms of 10 to 15 years tax holiday scheme, exemptions relating to state levies, easier accessibility to the political system and less bureaucratic hassles, said Mr Agarwal.
Moreover, the smaller states are competing to attract investments among one another and this is one of the reasons that such states have fine tuned their economic policies and smoothened their administrative systems to suit the requirements of the investors. It has also been discovered that in smaller states, it is easier to avail of environment clearance from the respective governments as compared to other states, the assessment pointed out
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