Tata expands service center, eyes more hires

Pharma

The Hungarian subsidiary of Indiaʼs Tata Consultancy Services (TCS) has expanded office space by 5,000 square meters at its Budapest-based global service center, which is expected to created 500 new jobs, according to a press statement sent to the Budapest Business Journal by the Ministry of Foreign Affairs and Trade (KKM).

Szijjártó at the inauguration today. (Photo: KKM / Márton Kovács)

The service center, which was opened in 2001 employing just a few dozen engineers, today operates with a staff of 1,800, Minister of Foreign Affairs and Trade Péter Szijjártó said at the inauguration of the expansion. Staff at the center include highly qualified engineers, economists, IT experts and developers, Szijjártó said, adding that more than 10% of them are students.

Szijjártó noted that the service sector is the second busiest in terms of investment in Hungary, following the automotive sector. He added that the sector employs more than 42,000 young professionals born after 1980.

Rahul Chhabra, Ambassador of India in Hungary, emphasized that the cooperation between the two countries is good. He noted that Hungarian businesspeople can travel to India more easily since visa applications have been available online. He added that Indian companies in Hungary plan for the long term, engaging in good partnership with locals and building on the local workforce.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.