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Hyderabad , Oct. 15

COMPUTER Sciences Corporation, NYSE-listed $ 12.5-billion IT services major, has announced plans to locate its fifth development centre in the country and its first in the South at Hyderabad and recruit about 500 people over the next six months.

The President and Managing Director of CSC India, the 100 per cent owned subsidiary of the US corporation, Dr Arun K. Maheshwari, said, "While we would not like to comment on the quantum of investments in this facility, we would like to assure that it will be significant. Since this concerns the third largest global technology corporation, the issue of investments is just not an issue."

Consequent on its acquisition of Dyna Corporation, CSC has projected total revenue of about $ 14 billion this year, this would make it one of the Fortune 200 corporations.

"We are in the process of holding parleys with several realty players and are likely to finalise a leased facility that will have 60,000 sq. ft of office space. CSC is looking at environs around the Hitec City as also in the busy central district, and will be able to finalise the centre shortly," he explained addressing a press conference.

"Given the growth prospects, CSC expects to grow by about 100 per cent this year in India and this is evidenced from the fact that we have grown six times over the last few years.

While we currently have about 1200 people in four centres — three in Noida and one in Indore, we expect to take this to about 1500 by the end of this calendar year. Apart from this, we plan to induct more technology professionals across domains in a rapid pace, over the next six months," Dr Maheshwari said.

This move to enter the South is part of CSC's plan to expand India operations. With this Southern centre, CSC will be able to draw resources from major regions of India — North, Central and South.

The proposed centre in Hyderabad will be operational in the first quarter of fiscal 2004. The commitment and professionalism demonstrated by the State Government certainly played a role in our decision, he said. The Hyderabad development centre is expected to handle software development, provide support services for global clientele handling both outsourcing work as also business process outsourcing tasks.

Of significance, will be the company thrust on IT infrastructure management business, which CSC has carved out a niche, Dr Maheshwari said.

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