Microsoft to open USD 150 mn development centre in Pune

Pune, July 27 (UNI) Software giant Microsoft will invest US 150 mn dollars (Rs 702.84 crore) in a mega development centre in Pune shortly.

This is the largest investment from an IT company in the city.

Maharashtra government IT Secretary Arvind Kumar told reporters here yesterday that the state has slipped from being number one to the fifth position in software exports. It is being overtaken by Bangalore, Hyderabad, Chennai and Noida.

''We have to make the efforts to attract more companies to the state. Talks are on with IBM as well and we are looking at developing Nashik and Nagpur which has become an international cargo hub now,'' he added.

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