Tata Consultancy Services to develop two IT parks
Has identified Noida and Hinjewadi as prime locations
Tata Consultancy Services (TCS) is seeking approval to develop two new IT parks of five million sq-ft as well as lease an additional one million sq-ft.
The software services provider is planning to set up an over four million sq-ft IT park spread over a 50 acre plot in Noida, Uttar Pradesh. It is also in the process of constructing one million sq-ft park in Hinjewadi, Pune.
The company has also entered into a pact to pick up one million sq-ft office space in Thane.
The approval for IT/ITeS Special Economic Zone (SEZ) in Sector 157, Noida, was secured in late March 2020. One of the two land parcels is owned by the company and will be developed by TCS through construction contractors.
Of the proposed facilities, the land parcel in Pune is owned by the company and has been converted into a Special Economic Zone (SEZ) with approvals, while land parcel in Noida has been allotted by the government.
The facilities will also have laboratories and research & development units.
The new facilities in Pune and Noida are expected to house over 50,000 employees or 11% of the company’s current workforce, factoring an average per employee space of 125 sq-ft as companies now construct and fit offices with social distancing norms in mind.