Syntel, the US-based software services provider with India-centric outsourcing model, would be looking at setting up development centres in Tier 2 cities to drive down costs and leverage the advantages of being among the first movers to these cities.
The Nasdaq-listed company, through its Indian subsidiary Syntel (India), has three development centers in Pune, Mumbai and Chennai. Currently, its global headcount is about 5,500 and the company is planning to take this to around 10,000 by the end of 2006.
Addressing a press conference, Keshav R Murugesh, chief operating officer, Syntel, said that the company was looking at Tier 2 cities like Coimbatore and Madurai in Tamil Nadu, a couple of locations in Andhra Pradesh and Maharashtra to set up its own campuses.
The company has done study on educational institutions, availability of talents and other incentives in these cities. On the sidelines of the press conference, Murugesh said that he would be making a presentation to the board of the company in the next couple of weeks on Tier 2 cities. The company is expected to commence acquisition of land in the next two quarters in these cities.
When asked about the proposed size of the centres and investments in Tier 2 cities, he said that it would depend on the demography and supply of talent.
The Nasdaq-listed company, through its Indian subsidiary Syntel (India), has three development centers in Pune, Mumbai and Chennai. Currently, its global headcount is about 5,500 and the company is planning to take this to around 10,000 by the end of 2006.
Addressing a press conference, Keshav R Murugesh, chief operating officer, Syntel, said that the company was looking at Tier 2 cities like Coimbatore and Madurai in Tamil Nadu, a couple of locations in Andhra Pradesh and Maharashtra to set up its own campuses.
The company has done study on educational institutions, availability of talents and other incentives in these cities. On the sidelines of the press conference, Murugesh said that he would be making a presentation to the board of the company in the next couple of weeks on Tier 2 cities. The company is expected to commence acquisition of land in the next two quarters in these cities.
When asked about the proposed size of the centres and investments in Tier 2 cities, he said that it would depend on the demography and supply of talent.
Comments
Post a Comment