Tata Consultancy Services will soon start a new unit in Special Economic Zone of Indore.
The technology giant will invest Rs 55 crore in this new facility and will hire 2,000 employees. The new unit will be in addition to its existing building in SEZ.
“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,” said J M Gupta, Development Commissioner Indore Special Economic Zone.
TCS will start building the new unit by next month. The company is expecting exports of Rs 560 crore in next five years.
The state government has allotted around 40 hectare land to TCS and the company has pledged to invest Rs 410 crore in phases in the region.