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| New BPO companies and the existing ones are expected to be the market drivers for the future space absorption in Chennai. |
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| According to Cushman & Wakefield, new projects announced are expected to come to the market in the next 12 to 16 months time, while the rental values are expected to remain soft for the near future in prime central business districts of the city. |
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| The various campus facilities taken up by large IT and ITES companies in Chennai are Infosys Technologies, Sona Koyo Steering Systems, Birlasoft and Bahwan Cybertek. |
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| Infosys is setting up its second develpment center in Chennai at the Mahindra Industrial Park. The center will be the largest development center for Infosys in a single location. |
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| It will come up on 129 acres of land and will cater to approximately 5,000 employees. The world's largest steering system manufacturer Sona Koyo Steering Systems, is setting up a 100 per cent EoU in Chennai with an initial investment of Rs 15 crore to exclusively to cater the overseas market. |
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| Birlasoft, a part of the C K Birla group, has set up its software development centre in Chennai at a cost of $ 5 million with a seating capacity of 600. |
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| This is the second development center for the company in India. This development centre will act as the disaster recovery and business continuity site for its Noida centre. |
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| Muscat based-software firm Bahwan CyberTek is setting up a development center on the IT corridor in Chennai and plans to invest approximately $ 5.2 million in the next two to three years. |
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| Cushman&Wakefield says key drivers of the real estate market in Bangalore are still in the IT and the ITES sectors. |
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| There is likely to be more increased space absorption in the next few months due to augmented interest by a number of new corporates. |
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| The rental values in Bangalore office market are expected to witness steady trend across most micro markets because of supply scenario. |
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| The US-based provider of networking soutions for bandwidth-intensive applications has set-up its India development center in Bangalore with an investment of $ 4 million and has plans to expand its operations in the next two years. |
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| The world's leading news and financial inforamtion provider Reuters has planned to shift most of its core financial data business to India and has financial data business to India and has finalised Bangalore asa the site of its operations. The company will be creating close to 400 jobs by 2004 end. |
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| A provider of software solutions for pharma, chemicals and materials manufacturing Accelerys will be setting-up its third facility after US and UK in Bangalore. The company is planning to take up 20,000 sq ft facility for research and development in Bangalore. |
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| Bangalore based Phillips Software Center which has emerged as a critical partner in the development of strategic and futuristic technologies for Phillips worldwide. |
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| The company has plans to ramp up its captive software operations in India and to double its headcount over the next few years. |
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| Peoplesoft which has recently set up a Software Development Center in Bangalore has announced its plans to ramp up operations and increase its headcount from 150 to 700 in the next two years. |
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