Saturday, Oct 05, 2002
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By Our Special Correspondent
Addressing a press conference here on Friday, he said the GDC, which would house exclusive relationship centres, would be the single biggest TCS facility worldwide, and would be double the largest existing facility at Sholinganallur, Chennai.
The company, which started operations in Hyderabad in 1979, now has about 1,300 professionals working in four different locations. While this workforce was projected to go up to 2,200 by the end of 2003, it would further increase to 3,500 by 2004, he said.
The nine-floor circular building, which in some angles looks similar to the HITEC City Phase I building here, was designed by Swiss architect, Mario Botta, and is spread over five acres out of the total 11 acre site that TCS has taken in Madhapur. The civil structure is expected to cost between Rs. 70 crores and Rs. 100 crores, while another Rs. 50-60 crores will be incurred on supporting infrastructure facilities.
The GDC, he said, would cater to industry practices such as telecom, eGovernance, healthcare and life sciences, banking and financial services among others. It would become the hub for projects in emerging technologies with focus on niche areas such as bioinformatics, telecom and computer security, he said.
The development of this GDC falls in place in the scheme of TCS to emerge as one of the top ten global companies by 2010, he said. The 9-floor GDC will have 70 meeting rooms, ten large conference rooms, while recreational facilities include a 5,000 sq ft gymnasium besides tennis courts and a jogging track. Considered as Asia's largest software solutions and consulting service enterprise, TCS has 22 GDCs, 14 of which are assessed at SEI-CMM Level 5. It was also looking at Andheri for locating another facility, he said.
Trade finance system for SBI
By Our Staff Correspondent
MUMBAI, OCT. 4. State Bank of India has selected Tata Consultancy Services (TCS) to supply, customise and implement the centralised trade finance system. The project is one of the largest projects of its kind in the world in terms of the number of branches, customers and transaction volume.
Earlier in the year, SBI had awarded the core banking project to TCS which encompassed developing capabilities using the core banking solution, efficient and personalised customer service, 24X7 banking through diverse types of delivery channels, fast product launch and relationship management.
The SBI group has more than 13,000 branches including seven associate banks. In the group, SBI alone has more than 9,000 branches with 51 foreign offices in 31 countries. The new trade finance system would be implemented at all required branches throughout the SBI group.
TCS will manage the entire centralised trade finance project and the system integration. As the prime vendor, TCS has teamed with China Systems (CS), for the project. CS will supply its flagship product EXIMBILLS, which is successfully implemented with more than 300 customers across 75 countries.
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