Genpact, which manages business processes for companies, will employ 7,000 people in Kolkata, making it the company's third largest centre after the national capital region (NCR) and Hyderabad.
Genpact on Saturday signed an agreement to acquire more than 700, 000 sqft of space at Infospace, an IT/ITES special economic zone (SEZ) being developed by Unitech Hitech Structures.
According to the agreement, Genpact would develop a campus on the 700, 000 sqft space.
The agreement was signed by Pramod Bhasin, President and CEO of Genpact and Prasoon Mukherjee, Chairman, Bengal Unitech Universal and authorised signatory for Unitech Hitech Structures, in the presence of West Bengal Chief Minister, Buddhadeb Bhattacharjee.
Bhasin said that the investment excluding the cost of real estate would be to the tune of Rs 200 crore (Rs 2 billion).
He said it was one of the largest commitments by the company. Genpact employs 7,000 people in Hyderabad and 10,000 in the NCR.
Bhasin added, "We chose Kolkata for setting up our offices and continue to invest in the state because of its excellent resource pool of highly skilled manpower, supportive business environment and low operating costs."
Genpact started its operations in Kolkata in September 2004 and currently employs around 700 people.
Bhasin added that the range of services from Kolkata would include finance, accounting, analytics and others at the high-end.
Genpact has recently also been allotted 12.145 acre by the Orissa government, a 50-acre plot by the Andhra Pradesh government and a 25-acre plot by the Rajasthan government for development of special economic zones.
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