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Minister Says TCS is to Invest Rs 600 Crore in Kerala

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IT major Tata Consultancy Services (TCS) is all set to invest Rs 600 crore at the Kinfra Electronic and Manufacturing Cluster at Kalamassery near Kerala’s Kochi; the Assembly was informed on Thursday.

Industries Minister P. Rajeev also told the house that the in-principle decision had been made, and the MoU to this effect will be inked very soon.

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“The new campus would have facility for their IT operations, ITES services, and data processing facilities. And once the second phase of the campus becomes operational in a matter of five to seven years, around 20,000 jobs would be available,” he said.

At the moment, TCS have their software operations in the state.

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Rajeev also that the Lulu Group of billionaire businessman M.K. Yusuf Ali has also announced its business plans which includes an investment of Rs 207 crore in a state of the art food processing unit at Kochi and an Electronic Warehouse Unit in the state capital city.

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