HDFC to set up hub in eastern India

February 10th, 2009 - 11:30 pm ICT by IANS  

Kolkata, Feb 10 (IANS) HDFC will set up its first back office operations hub in eastern India at the satellite township of Rajrahat at an initial cost of Rs.60 million, a top official said here Tuesday.

“We are initially taking 30,000 square feet of space in the IT hub of Rajarhat. We are taking a floor at Ecospace,” HDFC vice-president and regional head (eastern India) Madhusudan Hegde told mediapersons on the sidelines of a function.

This would be HDFC’s fourth operations hub after Delhi, Mumbai and Chennai.

Three hundred people will gain jobs in the hub, Hegde said.

HDFC has plans to expand the hub by adding two more floors of 30,000 sq ft each, in which case its total investment would go up to Rs.180 million with 900 people getting jobs, he said.

Ecospace promoter Ambuja Realty chairman Harsh Neotia told reporters that the complex would have four buildings spread of 20 acres with all modern infrastructure.

The total project cost is Rs 2.90 billion, and the size - one million sq ft.

“HDFC will be the anchor investor,” he said.

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