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Capco to hire 50 more in India

March 16, 2005 13:23 IST
Belgian IT company Capco on Wednesday opened its largest development centre outside Europe and plans to hire over 50 professionals this year to see India playing a core role in the firm's global IT operations.

Capco, which has invested $ one million in its India operations since June 2003, has about 100 people working at its centre, which was inaugurated by the Crown Prince of Belgium Prince Philippe.

"We will continue to invest," Capco board member Philipe Gheikere said. The Bangalore centre provides management services, builds workflow tools for the finance industry besides supporting software for the IT consulting major for the financial services industry.

"When we compare the cost of the talent and space around the world, there is significant cost advantage in Bangalore than other places. It is more than 50 per cent, but the cost advantage is eroding due to increasing labour costs," he said.

Capco has development centres in Antwerp, Frankfurt and New York, but the Bangalore operations will play a core role in the firm's plan to develop its business by offering clients a more integrated value proposition and integrated IT operations.

Gheikere said Capco was not doing BPO operations out of India, but more core work for its business.
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