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Monday, February 6, 2023

Rs 876 Crore TCS Campus In Chennai Will Create 35,000 Jobs, Construction Starts

One of India’s leading IT services providers, Tata Consultancy Services, is all set to expand its presence in Chennai. 

Reports have revealed that TCS will now be opening two new centers in Sipcot, Siruseri. These new centers will also come with 35000 job openings.

Find out all about TCS’ expansion of the Chennai campus by reading on!

TCS To Set Up Two New IT Centres In Chennai; Will Invest Rs. 876 Crores

Sipcot, Siruseri is a suburb to the south of the IT corridor, where TCS plans to set up two new centers. 

The first phase, or Phase I of the center, was inaugurated by TCS in May 2020 with an investment of Rs. 24 crores. This was followed by laying the foundation stone for the Phase II of Centre 1 at the Investment Conclave 2021 organized by the State government. The Phase II of the Centre 1 involves an investment of Rs. 876 crores. 

Reports have confirmed that the memorandum of understanding or MoU has been signed. As per the release, a facilitation MoU for Centre 2 (Phase III) with State-run Guidance an investment facilitator of the Industries Department, with an investment of? 900 crores at the Conclave organized.

TCS Promises 35000 New Jobs?

These two new centers will have the potential to create as many as 35000 jobs, as confirmed by the release by the State Government.

Recently, we reported to you that by September this year, Tata Consultancy Services (TCS), the Country’s leading software company and one of the most profitable Indian companies, expects that its 5 lakh employees shall report to the office this year, post-vaccination.

Commenting on the quarterly results of Q1FY22, Milind Lakkad, global head of human resources, said, “…In fewer than two months, over half a million members of our workforce and family members and over 70 percent of our colleagues have been vaccinated, and we are on track to vaccinate all TCSers and families by September.”

In FY21, TCS hired about 40,000 freshers and, according to Lakkad, 2021 will see more numbers of hirings from Indian campuses.

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