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PM calls TCS an Indian success story

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Thiruvananthapuram: Tata Consultancy Services (TCS) is a shining example of the success of Indian private enterprises, Prime Minister Manmohan Singh said Saturday.

“It has carved a niche for itself in the global market for IT and IT-enabled services and has set benchmarks of excellence in the area of software development,” the prime minister said here.

Manmohan Singh was addressing a gathering at the foundation laying ceremony of TCS Global Learning Centre at the Technopark campus here.


TCS is an Indian major in IT services, business solutions and consultancy. It is headquartered in Mumbai and it operates in more than 40 countries.

“Today, TCS ranks among the top 10 IT services companies globally. It is not only the highest valued company in India but also the second most valuable company in the world in the technology services industry.”

The proposed Global Learning Centre of TCS, when fully functional, will be able to train about 50,000 associates annually.

It will also conduct holistic professional and personal development programmes for TCS professionals.

“I am confident that the Centre, which proposes to integrate elegant design, ecological thinking and modern technology, will set global benchmarks for corporate learning institutions,” Manmohan Singh said.

“The Centre will further enhance the presence of TCS in Kerala and Thiruvananthapuram in particular,” he said.

“TCS is also setting up a software development Special Economic Zone in  Thiruvananthapuram,” he added.

The prime minister pointed out that the IT sector in India had witnessed phenomenal growth over the past several years, particularly in the area of software development.

“The government stands committed to providing an enabling environment which encourages the sector to grow even further.

“Pursuant to recommendations of the Rangachary Report, several taxation issues confronting the IT sector have been addressed.

“We are trying to improve the hardware ecosystem in the country and are exploring the establishment of two semi-conductor wafer fabrication manufacturing facilities.”

The Prime Minister said he learnt that TCS was setting up a software development Special Economic Zone in the capital city of Kerala.

“I hope to see even more initiatives by TCS and other IT companies in Kerala and Thiruvananthapuram in particular, especially in view of the high quality of human resource in the state,” he said.

Singh said TCS was a shining example of the success of Indian private enterprises in the last 20 years and had carved a niche for itself in the global market for IT and IT-enabled services. The company had also set a benchmark for excellence in the area of software development.

“Today, TCS ranks among the top ten IT services companies globally. It is not only the highest valued company in India, but also the second most valuable company in the world in the technology and services industry,” he said.

TCS had also taken up several projects in the areas of education, health and environment. The company had made a significant contribution to education through its adult literacy programme which had covered nearly two lakh
beneficiaries.

Singh said the company’s BPO employability programme had trained over 22,000 graduates belonging to weaker sections, many of whom had also been provided gainful employment in the company. TCS had also partnered with the National Skill Development Corporation under ‘Project Udaan’ to upgrade the skill sets of Kashmiri youth and enable their mainstreaming with corporate India, he said.

The Prime Minister also said that TCS had used its expertise in IT to develop an integrated Hospital Management System, which was being used by several hospitals and social organisations in the country.

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