CBay Systems, a leading global medical transcription (MT) company inaugurated its centre in Coimbatore on Wednesday. The new facility on 18,000 sq is located at Rathinam Technopark of Rathinam Techzone Campus, Eachanari in Coimbatore. CBay plans to hire over 700 people in Coimbatore by December 2009 and reach a strength of 1500 employees over a year. The MT industry has a good presence in Coimbatore, with Spheris India, another large MT company already functioning. Mr Dinesh Kumar, Director and COO – India Operations, CBay Systems: "In three months, the centre entailing an investment of Rs 11 crore will start functioning with 450 seats. Coimbatore is hub for MT in South India and the city has very strong MT work force. Also, the proximity to Chennai and Bangalore is an added advantage. In an effort to induct fresh talent into our company, we will be extending our training program to several educational institutes." An article in ET quoted: The presence of 27 engineering colle