David Andrews, CEO of Xchanging, who is part of Cameron"s business delegation, signed the MoU with the state owned enterprise KEONICS managing director Harikumar Jha, to develop a special economic zone (SEZ) in Shimoga, in the presence of Yeddyurappa, on Wednesday, Jul 28.
This global business processor, will develop the new SEZ with a state-of-the-art processing centre on six acres of land.
It will thus be among the first multinational firms to set up a centre in a tier-3 location in the country.
The BPO will have an initial capacity of 1,000 people with an option to scale up to a 2,000-seat centre
“We have received tremendous cooperation from the state government. We are looking forward to expand our business in the state," Andrews said.
Yeddyurappa said the state would extend full cooperation to the company in developing the SEZ.
The chief minister said, "after the recent Global Investors Meet in Bangalore, several major IT companies were looking to set up business in Karnataka and we have decided to focus on developing tier-2 cities in the state to attract IT investment."