Tech Mahindra To Invest Rs 1000 Crore On 3 Software Units

Mahindra Group’s IT arm Tech Mahindra announced it would invest Rs1,000 crore for setting up software development centres in Chandigarh, Noida and Jaipur in the next few years.

"These centres would provide IT and IT-enabled services, besides having software development facilities," said company’s vice chairman and MD Vineet Nayyar.

Tech Mahindra has proposed to build software development centre at Rajiv Gandhi Chandigarh Technology Park at an area of 15 acres.

The company has also bought 10 acres of land in Noida SEZ and 15 acres in Jaipur for setting up two more software development centres, he informed.

Talking about the software development centre to be set up in Chandigarh, he said it would involve an outlay of Rs200 crore and would be built in two phases. The centre would seat 2,500 professionals initially and 5,000 after it gets completed.

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"We chose Chandigarh for our centre because of its rapidly developing infrastructure, IT friendly policies and access to a pool of high quality software professionals," he said.

PTI