TCS to set up Global Learning Centre at TechnoCity, Kerala
06 Jan 2011
Tata Consultancy Services is planning an investment of Rs15 billion for Global Learning Centre at the TechnoCity project in Kerala.
The company has signed a lease deed for 82 acres of land and paid Rs75.25 crore as the initial down payment of the land in the Technocity project.
According to TCS director and CFO Mahalingam the centre would train and accommodate 15,000 employees at any time.
Mahalingam added the company would have an iconic and landmark campus at the Technocity. In September Kerala chief minister VS Achuthanandan had handed over the government order sanctioning the land at TechnoCity to TCS CEO N Chandrasekharan.
According to Technopark CEO Mervin Alexander it was was the biggest land deed signed in the history of Technopark, and that construction would start within 12 months with completion expected in 48 months.
TCS is expected to commence construction of its development centre at the Technopark Phase-I SEZ at the same time.