Archive for the 'Genepact' Category

Samaja’s Shilpayana Supplement: Fast progress of Information Technology in Odisha

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Zensar plans to make its proposed center in Bhubaneswar the second largest in the country; progress report on other IT companies coming to Bhubaneswar

Bhubaneswar- Cuttack- Puri, Genepact, ICICI, IT, Back office, BPO, Khordha, Mindtree 2 Comments »

Following is an excerpt from a report in Business Standard.

“Zensar has communicated that it is keen to start construction work on its development centre soon. The Orissa Industrial Infrastructure Development Corporation (Idco) has already given its in-principle approval to allot three acres of land to the software firm in the Infocity region of the city”, a top IT official told Business Standard.

Zensar Technologies plans to invest Rs 30-40 crore on its proposed software development centre. Initially, the centre would be run by a pool of 1,500 professionals but Zensar plans to make its Bhubaneswar centre the second biggest in the country after Pune where its centre is spread over 10 acres.

… Zensar has more than 4,000 employees in India and abroad. The company is rated among the top 25 software firms of the country by National Association of Software and Services Companies (Nasscom).

Meanwhile, other major IT investors have also renewed their commitment on their proposed projects in the city.

MindTree expects to kick off construction work on its Rs 200-crore development centre in the city by June this year. … its centre which would come up over 30 acres of land.

…  MindTree would initially recruit about 1,000 software professionals and eventually ramp up its headcount to 6000. Its development centre in Bhubaneswar will focus on R&D, consultancy and software development.

ICICI Bank, which had sought an extension of two years for its Rs 600-crore eastern regional hub, has been asked by the state IT department to start construction work by April.

ICICI bank’s eastern regional hub would have a built-up area of 1.5 million sq ft and it will have a pool of 15,000 employees in the long-run. The project is to be developed in phases over a period of six to seven years. Similarly, Genpact, which had announced a Global Delivery Centre in the city, has submitted a fresh building plan to the Bhubanewar Development Authority (BDA).

Genpact’s centre in the city will have a total built-up area of 7 lakh sq ft. Initially, Genpact would hire 500 people for running its operations and eventually, the headcount will be scaled up to 3,000.

Update on progress on the IT front in Bhubaneswar; Mindtree to start construction in June; ICICI asked to start in April

Bhubaneswar- Cuttack- Puri, Business Standard, Genepact, ICICI, Khordha, Mindtree, Private Parks, State Bureaucrats (IAS, OAS, etc.) 2 Comments »

Following are excerpts from a report in Business Standard.

While MindTree expects to kick off construction work on its Rs 200-crore development centre in the city by June this year, ICICI Bank, which had sought an extension of two years for its Rs 600-crore eastern regional hub, has been asked by the state IT department to start construction work by April.

… MindTree, a global IT and R&D services company, co-headquartered in Bangalore and Somerset in New Jersey (US), had entered into an MoU with the Orissa government in March 2006 for setting up its software development centre spread over 30 acres.

…  MindTree would initially recruit about 1,000 software professionals and eventually ramp up its headcount to 6000. Its development centre in Bhubaneswar will focus on R&D, consultancy and software development.

ICICI bank’s eastern regional hub would have a built-up area of 1.5 million sq ft and it will have a pool of 15,000 employees in the long-run. The project is to be developed in phases over a period of six to seven years.

Genpact Limited, the BPO (business process outsourcing) arm of the US-based General Electric which had announced a Global Delivery Centre in the city has submitted a fresh building plan to the Bhubanewar Development Authority (BDA).

“We are pursuing Genpact’s case with the BDA to expedite the company’s project”, the official said.

Genpact’s centre in the city will have a total built-up area of 7 lakh sq ft. Initially, Genpact would hire 500 people for running its operations and eventually, the headcount will be scaled up to 3,000.

On Raheja Corporation’s IT park, he said, land has been alloted but the company is yet to take physical possession of it. Mumbai-based K Raheja Corporation proposed to set up an IT park in the city over an area of 30 acres at an investment of about Rs 250 crore. This IT park would have a total built-up area of 10 lakh sq ft and it was scheduled to be commissioned within three years. The project would generate employment for nearly 20,000 people.

K Raheja Corporation had signed a MoU (memorandum of understanding) with the Orissa government in May 2008 and the IT park was scheduled to be commissioned within three years.

 

Update on new BPO and IT operations planned in Bhubaneswar

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Following is an excerpt from a report in Business Standard.

Genpact, the BPO arm of the US-based General Electric, had aimed to operationalize its delivery centre in the city by the fourth quarter of 2009-10. But as things stand today, the project is unlikely to take off before March 2010. …

Initially, Genpact planned to hire 500 professionals for its delivery centre in the city and later ramp up the headcount to 3,000.

Genpact had so far only put up a boundary wall for its proposed centre which would have a total built-up area of seven lakh sq ft. Another IT firm MindTree Consulting Limited which had announced a software development centre in Bhubaneswar at an investment of Rs 200 crore is non-committal on its project.

MindTree was scheduled to commence construction work for its development centre in September 2008. The software firm had sought 30 acres of land for its development centre and it had a long-term manpower requirement of 5,000 employees.

Meanwhile, the projects of other IT investors like Zensar Technologies, ICICI Group, Raheja Corporation and Apeejay Surrendra Group were now put on the back burner, given the slump in demand for IT projects, the official added.

ICICI bank, which had announced to set up its eastern regional hub in the city in May 2007, is understood to have submitted a fresh building plan to the Bhubaneswar Development Authority (BDA) after the notification of the revised building norms by the authority. With a built-up area of 1.5 million sq ft, the eastern regional hub of ICICI bank will have a pool of 15,000 employees in the long-run. The project is to be developed in phases over a period of six to seven years at an estimated investment of Rs 600 crore. Similarly, Zensar Technologies was allotted three acres of land in the Infocity area of the city by the Orissa Industrial Infrastructure Development Corporation (Idco).

Inflocity II plans

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Following are excerpts from a report in Business Standard.

The Orissa information technology department (IT) expects the construction work of the approach road for the proposed Infocity-II project to kick off by January next year. Infocity-II is being developed on an area of over 600 acres at Janla, on the outskirts of the city by January next year.

“The state government is committed to provide external infrastructure like approach road, electricity and power for the proposed Infocity-II project. This external infrastructure will be developed at an investment of about Rs 150 crore and a provision has already been made in the state government’s budget for this investment”, Pradipta K Mohapatra, the state IT secretary told Business Standard.

He said that the state IT department was now on the look-out for anchor tenants for the Infocity-II project and software major Wipro Technologies had evinced interest in taking possession of 100 acres of land at the site. Official sources, however said that the Orissa Industrial Infrastructure Development Corporation (IDCO) may delay the process of floating advertisements for the Infocity-II project in the wake of economic downturn.

“Due to the global financial meltdown, IT majors like MindTree and Genpact are likely to defer construction work of their proposed development centres in Orissa by at least three months. The state government is also unlikely to receive fresh investment proposals from the IT and ITes (information technology services) players in the remaining months of this fiscal”, sources added.

MindTree Consulting Limited, a global IT and R&D services company had announced to resume construction of its proposed software development centre, over an area of 30 acres at Infocity in Bhubaneswar by September this year.

The company, co-headquartered in Bangalore and Somerset in New Jersey (US), is investing around Rs 200 crore for the development centre. MindTree was planning to recruit about 1,000 software professionals for the centre and eventually ramp up its headcount to 5,000.

On the other hand, the proposed global delivery centre of Genpact, the BPO (business process outsourcing) arm of US-based General Electric was scheduled to be operational by the third or fourth quarter of 2009. The BPO firm had plans to hire around 500 professionals initially for this centre and later scale up its headcount to 3,000 in the long run.

… The software exports from the state stood at about Rs 850 crore in 2007-08 and the state IT department had set a target of software exports worth Rs 5,000 crore by the end of 2011-12.

…With a headcount of around 3,000 in its Bhubaneswar centre, Infosys has targeted software exports of around Rs 800 crore from the city.

While Infosys recruited 700 people from Orissa in 2007-08, Wipro Technologies added 400 to its workforce from the state in the same period.

Genepact SEZ groundbreaking ceremony

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Following is an excerpt from a report in tathya.in.

for Pramod Bhasin, the Capital city of Orissa is emerging as an important location for the outsourcing industry.

The President and CEO of the global leader in Business Services and Technology Solutions, Genpact has pinned high hopes on Bhubaneswar as there is strong infrastructure, good talent and tremendous government backing.

Mr.Bhasin was speaking on the occasion of ground breaking ceremony for the upcoming Special Economic Zone (SEZ) on 21 November.

Graduates having command over English have fair chance of getting into Genpact, said Mr.Bhasin.

Chief Minister Mr. Patnaik laid foundation stone for the SEZ.

Spread over 12.145 acres, the commissioning of this SEZ facility will provide 5,00,000 square feet office space to provide seat for over 4000 employees.

Following is an excerpt from a report in the Statesman.

Spread over an area of 12.145 acres, the commissioning of the SEZ facility will take place in three phases between 2009 and 2011. It will provide 5,00, 000 square feet for 4,000 employees of Genpact. The development of such facility in Bhubaneswar will make it the 7th city in operation for Genpact in India.

Genpact, which has been ranked No. 1 on the 2007 list of top 15 ITeS-BPO companies in the country by NASSCOM, has recently been rated among the top three BPO employers for 2007 in Dataquest-IDC E-Sat (Employee Satisfaction) survey.