Business Daily from THE HINDU group of publications
Wednesday, August 1, 2007
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Business Daily from THE HINDU group of publications Wednesday, August 1, 2007 |
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News Update as at 18.00 hrs (IST)
Info-Tech SGT to scale up its Indian operations CHENNAI: SGT India, a knowledge process innovation and management services provider, on Wednesday announced its plans to expand operations with the setting up of its fourth centre in India at Bangalore by the end of the year. Mr Kumar Bashyam, Founder and CEO of the company said here that the company would recruit over 500 professionals in the current fiscal to meet its client requirements, in addition to the existing 500 worldwide. He said the company had invested over $4 million in India and were planning to invest another $8 million in scaling up their Indian operations. The company had registered an impressive growth of over 250 per cent during the last fiscal and with the addition of 1 lakh square feet from their forthcoming centres at Chennai and Bangalore, the company was confident of maintaining a strong growth pace in the coming years. He said the company had recently entered into an agreement to provide engineering services to mines and metals and engineering. SGT would provide detailed engineering services for MME's proprietary process technology for direct reduction of iron ore plan ts. Mr Louis Hendriks, Executive Partner-Europe, SGT India said engineering process services contributed most to the company's revenue growth. Selection of MME as their India-leveraged engineering design partner for complex steel projects was a defining moment for SGT, he said, adding that MME would accelerate growth of their business in Europe. - PTI
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