Tech Mahindra to invest Rs. 500 cr in Odisha.

Country's fifth largest software services firm, Tech Mahindra has lined up Rs. 500 crore for investment in Odisha over next five to seven years.

'We would like to take an additional space for 5,000 people. We have plans to invest Rs. 500 crore over the next five to seven years in Odisha,' C P Gurnani, chief executive officer and managing director of Tech Mahindra told media persons. Gurnani said, the new jobs would include technical associates, data scientists, business analysts etc.

The company recently inaugurated a new block at its existing campus to house 615 more IT professionals taking the total headcount in the state to 1,111. The new block is built at a cost of Rs. 55 crore.

State IT minister Pranab Prakash Das said, the government and Tech Mahindra are in talks for developing a second campus at the proposed Infovalley, located on the outskirts of the city.


BS