TCS launches Synergy Park

Likely to recruit 22,000 personnel

The TCS Chief Executive Officer, S Ramadorai at a press conference in connection with the company’s Synergy Park here on Monday said that the second Global Delivery Centre (GDC) and the largest facility of TCS in the city. He said there was definitely a problem in the US in terms of economy and one had to wait and see while concentrating on core competencies.

He added that the TCS was on a growth made, and the company made recruitment offers for about 22,000 people for 2008-09 and had not made any reduction in campus recruitments. He denied the reports that 500 employees were asked to leave. He stressed the need to focus on organic growth and said the acquition of an asset would not be based on rupee-dollar parity but on the value, it can create for the company. He added that the TCS was in favor of continuing the Software Technology Parks of India Scheme.

The Synergy Park that was built over an area of 50 acres with a cost of Rs.750 crore had a potential for 8,000 people. The first phase established at a cost of Rs.250 crore became operation on Monday and the second phase would be in April, he said. The CEO Ramadorai described the State as one of the preferred destinations with Nasscom rating Hyderabad as number one among super nine IT companies.

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