Tata Consultancy Services (TCS), a leading IT services, business solutions and outsourcing organisation, announced that it had signed a memorandum of understanding (MOU) with the government of Andhra Pradesh to acquire 75 acres of land to develop a state-of-the-art development facility near the new international airport in Hyderabad. TCS will invest up to Rs400 crore in the facility to create a capacity of 15,000 seats at Adibatla, which is part of Andhra Pradesh Industrial Infrastructure Corporation (APIIC) promoted special economic zone (SEZ).

A memorandum of understanding was signed by the secretary, information technology and communications, government of Andhra Pradesh, Shailendra Kumar Joshi and V Rajanna, regional head, TCS, Hyderabad, in the presence of Dr Y S Rajasekhar Reddy, the chief minister of Andhra Pradeh and S Mahalingam, the chief financial officer of TCS.

According to the MOU, the AP government will help facilitate acquisition of land, provide infrastructural support through APIIC and other related agencies as well as provide a single window clearance support for quick, easy and efficient implementation of the project. The project will be part of an SEZ and be eligible for all requisite incentives as per the state's policy.

TCS currently employs over 5,000 professionals in Hyderabad. In 2007-08, TCS has plans to hire an additional 2,500 persons for its operations in Hyderabad to serve its customers in industry verticals like telecommunications, hi-tech, healthcare, government, insurance and banking, requiring various technology platforms including Microsoft, Java, SAP, Oracle as well as services such as business intelligence, software testing and engineering and industrial services.

"TCS is a significant employer in Andhra Pradesh and we welcome the Company's decision to make use of the available talent pool of the state to drive its future growth plans," said Dr Y S Rajasekhar Reddy, the chief minister of Andhra Pradesh.

"TCS has been forefront of investing in Hyderabad to tap the excellent talent pool available in the state and also leverage the infrastructure. Our operations in Hyderabad would play a significant role in TCS' overall growth plans", said S Mahalingam, chief financial officer, TCS.

"Andhra Pradesh has always extended support to TCS and the continuation of the current pace of investments in the city including the forthcoming new international airport will help scale-up our operations here," said V Rajanna, regional head, Hyderabad, TCS.

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About Tata Consultancy Services Ltd (TCS)

Tata Consultancy Services Limited (TCS) is the world leading information technology consulting, services, business process outsourcing and engineering services organization that envisioned and pioneered the adoption of the flexible global business practices that today enable companies to operate more efficiently and produce more value. TCS achieved this by creating and perfecting a unique method of global deployment and delivery of high quality, high value services and products in IT consulting and business process outsourcing. Known as the “Global Delivery Model,” this strategic services delivery concept has reshaped the IT services industry.

More than 95% of TCS customers reward the company's reliability, passion, creativity, and unique ability to handle the broadest range of their IT needs by continually extending and deepening their partnerships with TCS. With over 70,000 of the world's best trained IT consultants located in 35 countries, TCS is uniquely positioned to deliver its flexible world class services seamlessly to any location. TCS reported consolidated revenues of $2.97 billion (U.S.) in the fiscal year 2005-2006. The company is listed on the National Stock Exchange and Bombay Stock Exchange in India.

For more informatio, visit www.tcs.com