Syntel plans mega facility

By siliconindia staff writer   |   Thursday, 19 February 2004, 08:00 Hrs
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CHENNAI: Syntel Inc, the US-based software services provider with a India-centric outsourcing business model, has embarked on a major expansion programme in Chennai. It has shown interest for acquiring substantial land near the city for establishing a mega campus style software development facility.
The Nasdaq-listed company through its Indian subsidiary Syntel (India) has now three development centres in Pune, Mumbai and Chennai.

When contacted, top official sources said Syntel has proposed to acquire about 60 acres. A top team from Syntel also met officials of Electronics Corporation of Tamil Nadu last week. It is learnt that the company has evinced interest in acquiring the land in Siruseri IT Park, promoted by Sipcot. The proposed size of the facility and the required investment are still not known. A couple of years ago, Syntel had announced that it would invest $45 million in India. A major portion of that had already gone into the development of its Pune facility.

The company has over 2,000 people on board in India. Apart from IT services, it has plans to undertake global back-office processes such as administration, regulation, claim and policy matters. If the current plans materialise, Syntel will be joining the big list of TCS, Infosys, Xansa in setting up mega campus facilities. TCS has acquired 70 acres in Siruseri IT Park, while Infosys has bought over 120 acres in Mahindra Industrial Park in Chennai.

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