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Tech Mahindra to invest Rs 500 cr in Odisha

The company inaugurated a new block at its Odisha campus to house 615 more IT professionals

BS Reporter Bhubaneswar
Last Updated : Dec 12 2014 | 12:27 AM IST
Country’s fifth largest software services firm, Tech Mahindra has lined up Rs 500 crore for investment in Odisha over next five to seven years.

“We would like to take an additional space for 5,000 people. We have plans to invest Rs 500 crore over the next five to seven years in Odisha,” C P Gurnani, chief executive officer and managing director of Tech Mahindra told media persons. Gurnani said, the new jobs would include technical associates, data scientists, business analysts etc.

The company today inaugurated a new block at its existing campus to house 615 more IT professionals taking the total headcount in the state to 1,111. The new block is built at a cost of Rs 55 crore.

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State IT minister Pranab Prakash Das said, the government and Tech Mahindra are in talks for developing a second campus at the proposed Infovalley, located on the outskirts of the city.

The software firm, which crossed $10 billion market capitalisation in December, employs around 100,000 workforce and provides customer services to more than 650 clients globally. The company today said, it is ready to contribute for the development of Bhubaneswar into a digital city.

It may be noted, the state government has already announced to spend around Rs 5,000 crore from the state budget in next five years towards development of IT/ ITes and ESDM (electronic system design and manufacturing) sectors. To start with, the state government has decided to make the entire Bhubaneswar City WiFi enabled. For implementing the project, the state IT department has engaged Software Technology Parks of India (STPI) as the consultant.

“I am happy that today Tech Mahindra is adding a new block to its existing centre which will add 615 seats. I was informed that Tech Mahindra is currently operating in Bhubaneswar with 600 IT professionals working for global customers across the IT value chain from consulting to support services. I hope Tech Mahindra will continue to expand its growth and employment contribution in Bhubaneswar in future,” Chief Minister Naveen Pathaik said after inaugurating the block.

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First Published: Dec 11 2014 | 8:33 PM IST

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