Patni plans $50 M knowledge park in Navi Mumbai

By SiliconIndia   |   Thursday, 22 April 2004, 07:00 Hrs
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MUMBAI: Patni Computer Systems Ltd is to set up a 'Knowledge Park' in Navi Mumbai to meet its "long-term needs of software development", for which the global IT services provider will invest Rs 230 crore in the first phase of development.

"The park will meet the company's growing business requirements and offer end-to-end IT offshoring services for clients in insurance, financial services, manufacturing and other verticals," Patni chief financial officer, Deepak Sogani told reporters on Wednesday.

The campus would help the company quickly ramp-up capabilities, operational efficiencies, scalability and strengthen our delivery capabilities, it said.

The company has been allocated 50 acres of land at MIDC technology park, Airoli, and the proposed campus will house software development, customer care and employee recreation centres among others, he said.

The Phase-I of the project would be completed by early 2005 and upon completion, the park would be able to accommodate 5,000 professionals. The campus would be later scaled up in multiple phases to house nearly 17,000 staff, he said, adding this would be done depending on the industry demand.

Patni would also be investing in sales and marketing and is also intending to take a organic growth route, mainly in sectors like telecom and healthcare, he added.

At present, Patni has multiple delivery centres across six cities, Mumbai, Navi Mumbai, Pune, Chenain, Gandhinagar and Noida.

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