Genpact To Expand Operations In Hyderabad

Genpact, a global provider of business and technology services, has signed a deal with the Andhra Pradesh government to expand its operations in Hyderabad by setting up its third campus with an investment of Rs 1.21 billion.

Genpact will construct a million square feet IT/ITES (IT-enabled services) space on about 50 acres of land at Jawahar Nagar in Ranga Reddy district on the city’s outskirts.

The company promised to create 5,000 jobs in the next five years at the proposed campus. It also plans to develop the area as IT/ITES Special Economic Zone for its own use.

“We see Hyderabad providing a huge opportunity for the Indian ITES sector. We will continue to invest in Hyderabad and generate employment for people in the state,” said Ashok Tiyagi, senior vice president, Genpact.

More from Biztech

Future Group - Reliance Retail Deal approved by CCI RBI ban on cryptocurrencies takes effect; prohibition could force investors to tap the black market

Genpact provides business services and technology solutions for General Electric (GE) and more than two dozen other global corporations. In India, the company has operations in Gurgaon, Delhi, Jaipur, Bangalore, Kolkata, Hyderabad and Bhubneshwar.

IANS