Tata Consultancy Services (TCS) will invest an estimated Rs 1,200 to Rs 1,500 crore to expand operations in Kerala.

The company has signed a memorandum of understanding (MoU) with Technopark for leasing 97 acre of land at its Technocity campus to set up a digital hub for engineering, product development and IT services across manufacturing, defence and aerospace sectors with a focus on new generation technologies.

TCS intends to complete the Phase-I of the project over the next 22-28 months which itself is expected to generate 5,000 jobs. The project once complete would generate 20,000 direct jobs.

The TCS hub will focus on new technologies like artificial intelligence, machine learning, robotics, Internet of Things, data analytics and blockchain.

Group company Tata Elxsi will also set up its digital development centre within the new TCS campus.