Financial Daily from THE HINDU group of publications
Saturday, Oct 26, 2002

News
Features
Stocks
Port Info
Archives

Group Sites

Info-Tech - Off-shore Development


Accenture setting up 600-strong centre

Vishwanath Kulkarni

BANGALORE, Oct. 25

ACCENTURE, among the top four global IT consultancy firms, is setting up a development centre here with as many as 600 software engineers.

According to top State Government sources, Accenture has got the necessary approvals and expects to start operations by November-end. The company is said to have bought the SmithKline Beecham Pharma building on Cunningham Road, in the heart of the city to kick-start its operations, they said.

Accenture, operating out of India for last 15 years, has centres in Mumbai, Delhi and Chennai and was one of the first firms to take the advantage of labour arbitrage. While the exact investment figures are not available, the company is said to be investing several million dollars in the Bangalore development centre.

This move is seen as part of increasing efforts from global big-ticket consultants to rationalise costs as they compete at cheaper rates with other vendors to sustain growth in a depressed market. It can be noted that Electronic Data Systems, IBM Global Services, Cap Gemini, and Ernst and Young have significant exposure to India, as development costs are low compared to overseas markets.

Indian software engineers are paid close to one-sixth the salary of their US counterparts, even in high-end technology areas such as embedded systems.

Accenture has identified India as a hyper-growth market for its business. The company's solution centre in Mumbai, opened in October last year, addresses the technology issues faced by its clients globally and in India.

Apart from Accenture, other companies planning to set up their operations in Bangalore included SYKES and Convergys, sources said. SYKES is a leading provider of customer care management solutions for the technology, financial services and communications sector while Convergys is a provider of billing, employee care and customer care solutions.

The company recently invested $200 million in the Philippines in scaling up its operations and making it the hub of its operations in Asia-Pacific.

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
Software cos pitching for Lehman, Pepsi deals


SC puts off decision on WLL
Motorola deploys network for BSNL
VocalTec opens office in New Delhi
Ericsson solution for Hutchison
AirTel plans expansion in Delhi
SchlumbergerSema to launch `simgo'
Microsoft to unveil Tablet PC in December
WeP printer sales top 1 m
n-Logue kiosk set up in Khammam dist
Dell to offer tech course in 8 Bangalore colleges
MphasiS plans to buy Chinese software firm
Accenture setting up 600-strong centre
Grant to police academy to develop cyber crime software
Bangalore IT.COM 2002
British e-com Minister coming for IT show
`Good response to BangaloreIT.com'
`APT can help IT gains reach society'
Mahajan launches Simputer in Italy


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line