World Bank opens office in Chennai
By Our Banking Bureau | 16 Mar 2002
1
Chennai:
The World Bank
has opened its Chennai office. World Bank senior vice-president
and CFO Gary Perlin told press persons that the Chennai office
will process all of the banks accounting functions and its
global payrolls.
The
Chennai office has already recruited 90 skilled personnel. All of
them had undergone training in Washington, DC. The Chennai office
is spread over 26,000 square feet.
Tamil Nadu Chief Minister J Jayalalithaa, who was the chief guest at the function, asked the World Bank to move its entire back office operations to Chennai.
She said the World Banks investments in Chennai are not a cost-cutting exercise but a value-addition proposition. With the kind of facilities it has, Tamil Nadu will establish itself as the IT-enabled service and business process outsourcing capital of the world.
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