October 19, 2010 Category : Studies Abroad
"We will look at aggressive hiring in the current quarter to match our talent needs with the business demand, which is definitely increasing. This invariably means that we are expanding our existing facilities at Ahmedabad, Chennai and Mumbai, along with new ones in Pune and Kolkata," a company spokesperson said.
There are many more instances.
Network Appliance Incorporated recently acquired a piece of land in Bangalore to expand India operations. Executives at the company accepted that they had bought a piece of land in Bangalore for expansion, but declined to comment further on the project as they were in the quiet period prior to the earnings announcement.
Noida-based QA InfoTech is planning to move to a campus that will be almost double the 50,000 sq ft it currently occupies in three separate facilities. "We are planning to move to a campus that will be 80,000 to 100,000 sq ft in the next two-three months, where we plan to consolidate all three offices, and also to ensure that we have space for more employees," Founder and CEO Mukesh Sharma said. QA Infotech has 400 employees at present and plans to hire 100 more engineers over the next 12 months.
Real estate players also report an increase in demand from the IT sector.
"We have witnessed an increase in the number of enquiries from the IT sector this quarter (ending March). This is primarily due to the expansion these firms are doing in terms of hiring more manpower. We have seen a demand for office space in the range of 25,000-30,000 sq ft from the IT sector and this is definitely going to increase in the next couple of months," DLF Group Executive Director Rajeev Talwar told Business Standard. DLF is the country's largest real estate developer.