Gecis, a leading high quality business process services company, Tuesday announced it would set up its fifth business process outsourcing (BPO) operation here with an investment of Rs.500 million ($11.5 million).
Over a two-year period, the unit will come up at the Salt Lake Electronic Complex here on a built-up area of 100,000 square feet to be constructed on three acres.
"We are going to employ 1,500 people in the centre to be operational by the second quarter of 2006," Gecis Global president and CEO Pramod Bhasin said.
"The facility will deal with high-end specialised services, including analytics, finance and accounting and software solutions as well as voice and transaction based processes."
Bhasin signed a land allotment agreement with West Bengal's IT Secretary G.D. Gautama.
"We are going to hire high-end doctorates and masters for research-based jobs," he said.
"We are also interested in collaborating with the state government and the state's universities and educational institutions to offer value-based education in specialised subjects like risk analysis, financial analysis, GAAP accounting and others.
"The academia-industry collaboration will prove beneficial for the growth of the already existing talent pool in the state. We will shortly identify the institutes with whom tie-ups will be made."
Gecis, mainly catering to General Electric's business units worldwide, operates from its centres at Gurgaon, Jaipur, Bangalore and Hyderabad in India.
Gecis also has centres in China, Hungary, Mexico, North America and Western Europe.
It is aiming for revenues of $750 million by 2007.
"We will touch $500 million in revenues by this year and expect around 30 percent growth in 2006," Bhasin said.
"The company derives 75 percent of its revenue from domestic operations and 25 percent from foreign operations."
Indo-Australia committed to resolve agri-trade issues
Publish Date : 3/3/2007 7:21:00 AM
The agri-trade has become a very contentious issue in the World Trade Organisation (WTO), but India and Australia have agreed to resolve issues coming in the way of trade in agricultural goods by setting up a mechanism.
RBI to absorb more liquidity to contain inflation
Publish Date : 3/3/2007 7:11:00 AM
In a bid to further contain inflation, Reserve Bank of India today announced a modified market stabilisation scheme (MSS) and liquidity adjustment facility (LAF) to suck out Rs 11,500 crore from the system.
Gold and Silver prices turn distinctly weak
Publish Date : 3/3/2007 7:03:00 AM
Both the precious metals today turned distinctly weak on the bullion market as silver plunged by Rs 570 and gold by Rs 155 on heavy stockists offerings tiggered by sharp fall in the global markets.
Further fall in gold and silver prices
Publish Date : 3/2/2007 7:06:00 AM
Both the precious metals continued to decline on the bullion market here today on sustained offering from stockists in view of fall in the international markets.
Rupee ends marginally up at 44.26/27 a dollar
Publish Date : 3/2/2007 7:03:00 AM
The rupee today ended marginally higher at Rs 44.26/27 a dollar, supported by a smart recovery on equity markets coupled with fresh exporters' dollar sales.
Hyundai domestic sales up 74 pc in Feb
Publish Date : 3/2/2007 7:01:00 AM
Hyundai Motor India today reported a 74 per cent increase in its domestic vehicle sales during February at 15,459 units compared to the same month last year.
Hutchison Telecom files caveat fearing legal move by Essar
Publish Date : 3/2/2007 6:59:00 AM
Hong Kong-based Hutchison Telecom has filed a caveat before the Bombay High Court to ensure that its plea is heard in case Essar moves the court, challenging the the foreign partner's decision to sell stake to Vodafone.
Skoda slashes car prices up to Rs 24,000
Publish Date : 3/2/2007 6:56:00 AM
As car makers Maruti and Hyundai announced a hike in prices, luxury car maker Skoda Auto today slashed prices across all models by up to Rs 24,000 citing reduction in customs duty on imported car parts in the Budget.
Bond prices continue to decline
Publish Date : 3/1/2007 8:30:00 AM
Government bond prices continued to decline on persistent selling while call rates eased in view of ample liqudity in the system.
India should be more conscious of global developments: RBI
Publish Date : 3/1/2007 8:19:00 AM
The Reserve Bank of India today said the steep fall in Indian stock markets was a contagious effect of plunge in overseas bourses and the country should have strong market and regulatory mechanism to avoid disruption in markets.
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