IT services provider Mphasis on Wednesday said it will open a centre in Sri Lanka by the middle of next year, for which it will hire 2,000 people.
MphasiS Sri Lanka, a fully-owned subsidiary of the Mphasis Group, would be operational by the middle of 2010 and will start work with 500 people, MphasiS said in a statement.
This number will be increased to 2,000 over the next three years and the centre will provide applications, BPO and ITO services to clients globally, it added. The company, however, declined to comment on the investment details.
"Sri Lanka offers rich a talent base that will allow us to serve our global clients. MphasiS' investment in the country fuels our growth into emerging destinations for IT outsourcing," MphasiS chief corporate development officer Dinesh Venugopal said.
MphasiS, the seventh largest IT services firm in India, has more than 34,000 employees. It has a presence across India, Singapore, China, Japan, Europe, North America and Australia.
"MphasiS establishing a presence in the country is an example of BOI strengthening Sri Lanka's IT landscape to partner with a foreign investor," Board of Investment (BOI) of Sri Lanka Director General Dhammika Pereira said.