Capgemini to expand India operations

8th March 2007, Comments 0 comments

HYDERABAD, India, March 8, 2007 (AFP) - IT services company Capgemini is planning a major expansion of its operations in India with the tripling of its workforce in the country by 2010, company officials said.

HYDERABAD, India, March 8, 2007 (AFP) - IT services company Capgemini is planning a major expansion of its operations in India with the tripling of its workforce in the country by 2010, company officials said.

"With our industrialisation transformation programme, in three years we plan to have 40,000 employees in India," Salil Parekh, executive chairman of Capgemini India, told reporters late Wednesday.

"Our plan is to grow to 40,000 employees in three years," he said. The Paris-based firm, a specialist in outsourcing, currently employs over 13,000 people in India and a total of 75,000 worldwide.

Capgemini's strategic director, Pierre-Yves Cros, said the firm had little choice but to move its operations to India.

"France is only turning out 25,000 engineers a year. India is training 300,000; in other words more than Europe and the United States put together," he said.

India's IT sector -- mainly software, systems management and business process outsourcing -- currently employs some 1.5 million people and holds at least 50 percent of the global outsourcing market.

It is expected to turnover some 48 billion dollars in the current financial year, a 10-fold increase in a decade, according to the country's top software lobby group NASSCOM.

Copyright AFP

Subject: French news

0 Comments To This Article