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Wipro wants 350-acre land, will employ 28,500

Posted by Reddy on April 5, 2006

Good News for all the Hyderabadis as Wipro have major plans to expand there operations in AP…

Software giant Wipro has told the State government that it will develop its campuses in 100 acres of land in Hyderabad and seven acres in Visakhapatnam. The company is pitching for 300 acres here and 50 acres at the port city to expand further its operations. Wipro chairman Azim Premji briefed Chief Minister Y.S. Rajasekhar Reddy on the company’s expansion plans in Andhra Pradesh when the two met in Bangalore on Monday evening.

According to IT Secretary K. Ratna Prabha, Wipro is operating on a 30-acre site at Hitec City with an investment of Rs 200 crore. It has 2,000 employees, which is expected to grow to 5,000. Wipro’s IT exports from the State during 2004-05 were around Rs 970 crore. Mr Premji said the new campuses would provide employment to 15,000 people in Hyderabad and 750 in Visakhapatnam. He told the Chief Minister that the company was contemplating vast expansion plans and needed another 300 acres in Hyderabad and 50 acres at Visakhapatnam. “Wipro will invest Rs 750 crore with a projected employment of 15,000 in Hyderabad and Rs 200 crore with a projected employment of 13,500 in Visakhapatnam,” he said and requested the Chief Minister to provide suitable land as per the requirement.

Dr Reddy invited Mr Premji to Hyderabad for further dialogue and to identify suitable land. He assured him of all possible assistance. He complimented Mr Premji for achieving the export turnover of Rs 5,426 crore during 2005-04, thereby becoming the third biggest IT company in the country.

Source : Deccan.com

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