Financial Daily from THE HINDU group of publications
Wednesday, Jun 01, 2005
Financial Daily from THE HINDU group of publications Wednesday, Jun 01, 2005 |
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Info-Tech
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Outsourcing GE Capital to set up BPO facility in Kolkata Our Bureau
Kolkata , May 31 GECIS, better known as GE Capital International Services, today unveiled its plans for Kolkata, which envisages, among other things, providing employment to over 1,500 professionals here over the next two years. The company today received the official letter of allotment of land from the West Bengal Government to set up a business process outsourcing facility at the Salt Lake Electronics Complex here. Speaking at a press conference held here, Mr Pramod Bhasin, President & CEO of Gecis Global, said the company would invest between Rs 30 crore and Rs 50 crore in setting up the Kolkata facility, which would be its fifth in the country after Gurgaon, Jaipur, Bangalore and Hyderabad. Spread over three acres, the facility would have a built-up area of 100,000 sq.ft and be operational by the second quarter of the 2006 calendar year. In the next two years, the Kolkata facility would account for 8-10 per cent of Gecis' total turnover. In the year ending December 31, 2007, Gecis has targeted a turnover of $750 million. The Kolkata facility would also engage in high-end project management and finance and accounting software development. According to Mr Bhasin, Gecis was also hopeful of associating with colleges and universities with a view to offering training in new areas so that better skills could be built up. Plans in this regard, however, were yet to be firmed up. He said Gecis was open to the idea of setting up operations in Class B and Class C cities "because our experience in Jaipur has been very good". Speaking on the occasion, Dr G.D. Gautama, Principal Secretary in West Bengal's Department of Information Technology, said Kolkata had been able to shed its "image problem" and its attractiveness as a destination for IT and ITES companies had found favour with the industry. After Gecis, ICICI and HSBC would soon set up BPO operations in Kolkata, he said.
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