On 22 June 2007, Genpact signed a
memorandum of understanding with Andhra Pradesh government to set up a special
economic zone (SEZ) at Shamirpet in Andhra Pradesh.
The state government allotted 50 acres
of land to the company for the purpose. Genpact will invest around Rs.250 crore
for Phase I of the project and is likely to hire over 5,000 professionals once
the project becomes fully operational.
Also See:
BoA grants formal
approvals for 22 SEZs (01-Jun-07)