http://www.rediff.com/money/2004/jul/19wipro.htm
Highlights :
Wipro has set the ball rolling for its Kolkata centre, which would eventually house around 5,000 employees.
The company is on a major recruitment drive for its business process outsourcing and IT services and would have around 400 employees by September, of which around 50 would be from outside Kolkata.
The investment in the Kolkata centre, as of now, was more than Rs 100 crore (Rs 1 billion) for a built-up space of three lakh square feet. The total built-up space would be arouund 500,000 sqaure feet, spread over 17 acre.
Wipro has also shown interest in acquiring 40-50 acres of land at Rajarhat, the new IT hub
Fleeing is really a hyperbole. No company is going to move lock, stock and barrel out of Bangalore since there are experienced people available. And India is not set up for easy moving from one city to another. Selling and buying real estate is not as clean and easy as in US.
However, when companies are expanding, Kolkata is seen as an option, along with companies who are setting up their first site.
Posted by: Debu | July 30, 2004 at 02:29 PM