Financial Daily from THE HINDU group of publications
Monday, May 06, 2002
Financial Daily from THE HINDU group of publications Monday, May 06, 2002 |
|
|
|
|
|
Info-Tech
-
Outsourcing Satyam may develop new centre for BPO V. Rishi Kumar
HYDERABAD, May 5 SATYAM Computer Services Ltd., the software services major, which is in the process of foraying into the business process outsourcing (BPO) space through the formation of a separate subsidiary, is likely to develop a new development centre here to address this emerging business opportunity. The company has acquired land here near the Hitec City to locate a new centre and the process of completing the formalities have been initiated, according to the Government sources. However, some of the regulatory issues are being addressed by the company as they have acquired a few plots together. The matter has been tossed up to the concerned departments for the necessary approvals, it is learnt. The reason to locate this new outfit in a new development centre is aimed at availing certain concessions from the Government which come along for companies engaged in IT Enabled Services which is linked to the employee intake. It may be recalled that the Andhra Pradesh Government, in league with consultants — Mckinsey and Co, had come up with a policy to attract IT enabled services. This policy extends certain sops for registration and offers certain concessions to the IT industry linking the project with the jobs the company manages to generate.
Send this article to Friends by E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|