HSBC to set up fourth EDP facility in Kolkata

By siliconindia   |   Thursday, 19 August 2004, 07:00 Hrs
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KOLKATA: HSBC Electronics Data Processing India, a subsidiary of HSBC group, would set up its fourth facility at Salt Lake which would be operational by August 2005. After signing the memorandum of understanding (MoU) with the West Bengal IT department on Wednesday, CEO of HSBC Electronics Data Processing Malcolm Wagget told reporters that the centre would be set up on a 3.5 acre plot where 500 people would be initially employed on a floor space of 1,80,000 square feet. Subsequently, the headcount at the centre would be stepped up. HSBC has similar facilities in India at Hyderabad, Bangalore and Vishakapatnam. Total headcount in India was 6,000 which would be increased to 6,500 in the current year. State IT minister Manab Mukherjee said that the state government would hold road shows in Delhi shortly. He said that a team of Infosys was also coming to the city soon.