IT services company Tech Mahindra plans to invest $ 254.7 million to establish three software development centers in India, as reported by Business standard. Tech Mahindra is a subsidiary of Indian conglomerate Mahindra and Mahindra.
According to Business Standard, Vineet Nayyar, vice chairman and managing director at Tech Mahindra said: These centres would provide IT and IT enabled services, besides having software development facilities.
In a similar move, Satyam Computer, Tech Mahindra’s competitor reported plans to invest $204 million in Tamil Nadu, India. It plans to establish new campuses in Chennai and Madurai and double its headcount in Chennai from its current level of 8,000 to 20,000 employees over the next few years.
Tech Mahindra plans to invest $50.9 million in a software development centre in Chandigarh, India and $203.8 million in the other two centres at Noida and Jaipur. All three centers are expected to employ approximately 15,000 people.
Source: ComputerWire daily updates