Report by OD bureau, Bhubaneswar: Mahindra Satyam announced its expansion at Bhubaneswar, Odisha. Along with it Mahindra Satyam announces the commencement of construction of its IT Development Center during the Ground Breaking Ceremony in MIHAN SEZ, Nagpur.
As part of Expansion Program, the company will setup up 1000 seat capacity IT Development Centre with an initial investment of around Rs.80cr. The Phase-I of the Campus would be operational within 15-18 months period and as per the Master Plan for expanding operations in Nagpur in a phased manner. Mahindra Satyam also announced its expansion at Bhubaneswar (Odisha) to expand the existing Campus.
Speaking on the occasion, Shivanand Raja, Sr. Vice President, Commercial & Corporate Services, Mahindra Satyam said, "Expansion into tier-II cities is the logical expansion of our Global Delivery model that will augur well for our quest towards Mission 2015. I am confident that apart from creating employment opportunities in these cities, we will be able to foster innovation as a significant part of our growth agenda."
MIHAN - Multi-modal International Cargo Hub and Airport at Nagpur is perhaps the biggest economical development project currently underway in India in terms of investment. MIHAN is spread over an area of 4354 Hectares is an Ideal business hub, located in the geometrical centre of India and easily accessible to all the metro cities of India.
Speaking on the occasion, Mr. UPS Madan, IAS, Vice Chairman and Managing
Director, MADC Ltd. said "MIHAN marks yet another progressive move from the state towards creating not just world class cities but unparalleled landmark on the global commercial map. With quality infrastructure, smart lifestyle options and an investor friendly business environment, MIHAN extend an open invitation to investors and institutions willing to partner in India's growth story"
Now with the "Expansion of Mahindra Satyam into MIHAN SEZ along with other Indian Software Giants like Infosys and TCS would boost the growth of IT Services in this region . MIHAN SEZ would provide advantage of the tier-II cities on the future growth of Mahindra Satyam and it would be a boost to local talent of Software professionals in this region."
"I am happy to be part of Ground Breaking Ceremony of Mahindra Satyam and their expansion into MIHAN SEZ would further boost the development of IT & ITES in MIHAN SEZ. I congratulate them on this occasion and looking forward in commencing their operations," said Mr.Ved Prakash, Development Commissioner, MIHAN SEZ.
With a view to meet the business growth, Mahindra Satyam is creating additional Development Centres in Hyderabad, Chennai, Visakhapatnam and Bangalore. An investment of Rs.800cr is earmarked for creating additional capacity of 15000 spaces in the existing campuses in next two years.