TCS will invest an estimated Rs 1,200-Rs 1,500 crore to expand operations in Kerala and has signed an MoU with Technopark for leasing 97 acres of land at its Technocity campus to set up a digital hub for engineering, product development and IT services across manufacturing, defence and aerospace sectors with a focus on new generation technologies.
TCS intends to complete the first phase of the project over the next 22-28 months which itself is expected to generate 5,000 jobs. Chief Minister Pinarayi Vijayan, in whose presence the MoU was exchanged, said that the TCS investment comes at a time when big IT companies have either cancelled or postponed their plans for committing big money for expansion.
When complete, the project would generate 20,000 direct jobs which the Chief Minister said will represent a major stride in the state’s quest to become a knowledge economy. The TCS hub would focus on new technologies like artificial intelligence, machine learning, robotics, Internet of Things, data analytics and blockchain.
The Chief Minister promised TCS all support for wrapping up their investment and completing the project. All permissions and approvals would be granted in a time-bound manner. Various existing TCS facilities in the state are already employing 15,000 people, he said. Group company Tata Elxsi will also set up its digital development centre within the new TCS campus.