|Satyam announces its plan for Eastern India; launches Kolkata Development Centre
- State-of-the-art Software Development centre to be spread over 2.77 acres, with all modern amenities and infrastructure
- Phase I to house 800 associates; Plans of accommodating 2000 associates
|Hyderabad, February 24, 2006: Satyam Computer Services Ltd. a global Consulting and IT services provider, today announced the launch of its Kolkata Development Centre, located in sector 5, Salt Lake City. The foundation stone was laid by Chief Minister of West Bengal, Mr. Buddhadeb Bhattacharjee.
The state-of-the-art facility will be spread over an area of 2.77 acres, built in 2 phases, for about 2000 Associates. The first phase will start soon for 800 Associates, followed by Phase II.
The facility will serve as a development centre for Satyam’s global customers, and is a part of the company’s strategic plans of broadening its geographic base in the country. The availability of a large talent pool, good infrastructure facilities and the progressive policies and support of the Government in West Bengal are some of the key factors for the development.
Speaking on the development, Mr. B. Rama Raju, Co-Founder and Managing Director, Satyam, said, “It is an extremely good opportunity for us to be part of West Bengal’s consistent transformation, which has been immensely backed by the progressive economic policies practiced by the government. We look forward to work with some of the most talented resources available in the region, and offer world-class services to our global clients, from this facility”
Chief Minister of West Bengal, Mr. Buddhadeb Bhattacharjee, said, “The recent growth in our country has been hugely supported by the IT and ITeS industry, creating immense job opportunities, across the country. I am glad that today our city is a part of this transformation, and confident that we would continue our efforts to contribute to this growth. The government of West Bengal would look at all possibilities to extend its support to Satyam, in the coming days, and looks forward to a long-term relationship, with the company and the industry.”
The development centre will comprise of 2 software development blocks, and will be well equipped with all state-of-the-art infrastructure and amenities, including voice and video conferencing, training rooms, landscaped recreational area, and with sufficient belt of greenery.
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This press release contains forward-looking statements within
the meaning of section 27A of Securities Act of 1933, as
amended, and section 21E of the Securities Exchange Act of
1934, as amended. The forward-looking statements contained
herein are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
reflected in the forward-looking statements. Satyam undertakes
no duty to update any forward-looking statements. For a discussion
of the risks associated with our business, please see the
discussions under the heading “Risk Factors” in our report
on Form 20 F concerning the fiscal year ended March 31, 2006,
furnished to the United States Securities Exchange Commission
on April 28, 2006 and the other reports filed with the Securities
Exchange Commission from time to time. These filings are
available at www.sec.gov