TCS TO START NEW UNIT IN SPECIAL ECONOMIC ZONE INDORE, WILL INVEST RS 55 CRORE

TCS TO START NEW UNIT IN SPECIAL ECONOMIC ZONE INDORE, WILL INVEST RS 55 CRORE

Posted On : Apr 19, 2018, 08:21 IST

INDORE: Technology giant Tata Consultancy Services (TCS) will soon start a new unit in Special Economic Zone with over 2,000 employees and investment of Rs 55 crore.

The unit will be a standalone one in addition to its existing building in SEZ.

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Development Commissioner's office, Special Economic Zone, issued letter of approval for building the new unit on Tuesday.

"We have given letter of approval to TCS to start a new standalone unit in special economic zone. This unit would come up near to their existing infrastructure and will start in this financial year," development commissioner Indore Special Economic Zone, JM Gupta said.

The company has proposed to invest Rs 55 crore in a staggered manner in this standalone export oriented unit which will have a workforce of 2,150 people.

In a letter written to development commissioner, the company has proposed exports of Rs 560 crore in next five years. The new unit will be set up on 96,000 sq mt and work is likely to start in a month's time.

"TCS has not provided a timeframe for starting operations from this new unit but as per the proposal, they were keen to get active soon," Gupta said.

SOURCE : https://timesofindia.indiatimes.com/city/indore/tcs-to-start-new-unit-in-special-economic-zone-indore-will-invest-rs-55-crore/articleshow/63824266.cms