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CHENNAI, March 2 Asia Pulse - Outlining its plans that included new investments for US$20 million and hiring 1,500 people during this year, Syntel (India) Ltd today said that it had acquired 28 acres of land on IT corridor of Chennai and would be setting up a big facility in the next one year or so.
Syntel India, a wholly-owned subsidiary of Nasdaq-listed Syntel Inc, a US-based global applications and BPO enterprise, has acquired 27.52 acres land on the Old Mahaballipuram Road, IT corridor of Chennai, for a cost of about US$1.5 million.
"We will be making significant investments in Chennai. We will soon be finalising our investments and the size of the facility. We may invest about US$20 million in Chennai alone and create around 400,000 sq ft facility in the ...