| SEZ TIMES Bureau, 8/14/2008 |
Global technology services and BPO firm Syntel Ltd which is a part of Syntel Inc, provider of custom outsourcing solutions is on stream to setup its two most ambitious SEZ projects situated in Chennai and Pune, with a capex plan of nearly Rs 1000 crore.
According to Syntel's first quarter report, it has already commenced construction of its 29 acre SEZ facility at Siruseri, Chennai, while the Pune project has also gone on full stream.
Speaking to SEZ TIMES, Keshav R. Murugesh, President and COO, Syntel Inc., said, "SEZ focus in the country is a step in the right direction. Syntel is building these two SEZ's in India at a cost of approx US $200 million which is a testament of our commitment to India."
In phase-1, it would construct 650,000 sq ft of space consisting of 3 software development blocks each having a capacity of 1,700 seats, a food court with 1,000 seating capacity, a training block of 1,200 seating capacity, a welcome block, a recreation block and a utility block.
According to Syntel, Most of phase-1 was scheduled for completion by October this year. After the commissioning of this phase this Syntel facility will generate employment for a vast educated population from this region.
Further the company has said that the construction of its second 40-acre SEZ facility at Talawade, Pune was also in progress. In Phase 1, the company would construct 2 software development blocks each having a capacity of 1300 seats. This is scheduled for opening in June next. With this, Syntel would add 6,000 new seats in India. Investments in these two campuses alone would be around Rs 240 crore in 2008.
Meanwhile for the said quarter in January-March, Syntel has posted a 31 per cent rise in revenue at Rs 394 crore over the same period in 2007. http://www.seztimes.com/newsdetails.asp?newsCode=63 http://www.hindu.com/2005/11/08/stories/2005110807451500.htm http://infotech.indiatimes.com/articleshow/874936.cms http://www.businesswireindia.com/PressRelease.asp?b2mid=12566 |
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