Mahindra Satyam to invest $240 million globally on infrastructure, support services
19 Apr 2012
Mahindra Satyam is to invest $240 million globally to set up infrastructure and support services for its clients over the next three years, according to a top company official.
"Fifty per cent of the investment will be made in Asia Pacific, especially in Singapore, Malaysia and Indonesia," Mahindra Satyam CEO C P Gurnani told the media in Singapore today.
The company is to hold a number of meetings with investors, analysts and clients in Singapore.
"The majority of the investments will go into creating infrastructure, training and development facilities and solutions either in engineering or mobility to create specific solutions for the markets," Gurnani said.
He said, investments would be for facilities outside India and not involve any merger and acquisition or joint ventures.
Mahindra Satyam, which is in the process of completing its merger with another group company Tech Mahindra, would also be opening an office in Vietnam's Ho Chi Minh City in a couple of months to expand its operations in the Asia Pacific region.
