Online edition of India's National Newspaper
Wednesday, Jun 14, 2006
Online edition of India's National Newspaper Wednesday, Jun 14, 2006 |
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Andhra Pradesh
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Hyderabad
Special Correspondent
HYDERABAD: The HSBC has plans to expand its business in Andhra Pradesh leading to generation of an additional 3,000 jobs by 2008. This was reportedly conveyed by Malcolm Wagget, Chief Operating Officer, Global Resourcing, South Asia, HSBC, to Chief Minister Y. S. Rajasekhara Reddy when he called on the latter on Tuesday. Two of HSBC's six facilities in South Asia are located in Andhra Pradesh. Situated in Hyderabad and Visakhapatnam, these facilities employ over 7,000 professionals and this number is likely to go up to 10,000 by the end of 2008. According to Mr. Wagget, the HSBC has also set up its software development centre in the city that will employ over 1,500 software professionals in two years. Mr. Richard Farrand will take over as COO, South Asia of HSBC from Mr. Wagget, who is retiring on July 1 after a four-year-long stint in the city. The Chief Minister assured the incoming COO of all possible support from his Government to the HSBC in expanding its operations in the State.
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News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Engagements |
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