India’s top IT firm Tata Consultancy Services (TCS) is planning to set up an offshore development centre in South Karnataka. The company will invest nearly Rs 1,000 crore to set up the centre, which will house close to 2,000 people, sources close to the development told HT.

This would be one of the largest centres of TCS in the country, which currently employs 83,000 people across the world.

This offshore development centre would be undertaking high-margin work such as writing codes for ERP and other package implementation along with some application development and maintenance work.
Read More @ Hindustan Times (25 Jan ’07)