David Andrews, CEO of Xchanging and Hari Kumar Jha, MD of KEONICS, signed the MoU in the presence of Chief Minister B S Yeddyurappa and IT minister Katta Subramanya Naidu. Andrews was among the delegation which accompanied British Prime Minister David Cameron on his visit to India. Six acres of land developed by Keonics has been handed over to the Xchanging for the SEZ.
Xchanging provides procurement, accounting, human resources and technology services. The services include banking, insurance, manufacturing, retail and real estate. It has already set up its global processing hubs in Bangalore, Gurgaon and Chennai. The first phase of the centre will be operational in next 10 months.
Nimish Soni, Managing Director (India) of Xchanging said the company had set up a finishing school to train graduates on skills required for the BPO. “We will be hiring local graduates and have already tied up with some colleges to hire fresh graduates”, he said.
British Prime Minister David Cameron sent his greeting to the business unit in Shimoga. “My government is keen to lay the foundations of an enhanced relationship between Britain and India for the decades to come, and Xchanging has demonstrated here in India what can be achieved by British companies when successfully opening up new markets around the world”, he said.
IT minister Katta Subramanya Naidu said the government will assist the company to expand its operation in Shimoga. Chief Minister Yeddyurappa thanked the company for choosing a Tier III city to invest.
“The MoU with the UK based company has shown that smaller cities also have potential to attract investments. The government will develop the Tier II and Tier III cities so that more investment is attracted,” he said.
DH News Service