iGATE to expand in Chennai

Chennai, July 2

iGATE Corporation, which recently delisted its subsidiary from the Indian stock exchanges, has said it is expanding its delivery capability in Chennai.

In addition to the existing two facilities of over one lakh sq ft in the city, the company will add a new 1.16 lakh sq. ft facility in the Special Economic Zone at DLF Info City on the outskirts of Chennai. (The company typically uses 110 sq ft of space per seat, so a one lakh sq ft facility should house just over 900 people.)

The first phase of the new facility would become operational in the last quarter of 2008. iGATE plans to hire about 500 employees in Chennai in the next two years, which would take its Chennai headcount to over 1,200 employees.

The company is spending about $ 7.85 million in infrastructure and technology at the new, leased premises. In Bangalore, the company is adding 350,000 sq ft of space to the existing 400,000 sq ft. Its investments in that new facility would amount to $ 30 million. It is also spending $4 million in a 65,000 sq ft facility coming up at Hyderabad.

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