Expansion of TATA Consultancy Services – 18 April 2017
Tata Consultancy Services opened its new office in Budapest 16 years after the first Global Delivery Center was established in the city in 2001. The objective of the first center was to provide near-shore services to customers in Western (the UK and the Continent) and Eastern Europe and to customers with a global presence. The new office was inaugurated with the aim to keep up with the expanding demand for IT services.
Mr. Prabal Datta, General Manager and Delivery Center Head at the Budapest branch gave opening speech. He said he was happy to share this new milestone in the life of TCS and that the company could achieve its growth target planned two years ago in 2015.
Ambassador Rahul Chhabra held his welcome speech congratulating for the great achievement of the expansion and wished further success in the future. He highlighted the growing Indian economy and underlined the importance of the cooperation between Hungary and India. Furthermore he was glad that the upcoming International Day of Yoga & Ganga-Danube Cultural Festival of India would be sponsored by TCS.
Next, Dr Tamas Hoffman Mayor of the 11th district spoke, emphasizing the importance of the investment noting that TCS plays a major role in the district.
Following his speech, Minister of Foreign Affairs and Trade H.E Mr. Peter Szijjarto greeted the function saying that more and more high-value added investments are coming from Asia looking to expand in the European market. With the reduction of taxes, and social contributions, Hungary is aiming to be the most attractive country in Europe, allowing the foreign companies to simultaneously maintain their competitiveness and while also enabling them to offer good salaries. He emphasized that Hungary has highly skilled work force making it a good choice for future investors.
TCS with the expansion of 5000 square meters will create 500 more jobs and in total, it will employ more than 1800 in Budapest. The company has collaboration with local universities and provides scholarship programmes for the students.