Tata Consultancy Services (TCS) on 24 September 2013 tied up with Saudi Aramco and General Electric (GE) to set up the first all-female business process outsourcing (BPO) centre in Riyad, Saudi Arabia.
The centre in Riyadh will be staffed by Saudi females and will start by catering to Saudi Aramco (Energy Company) and GE (US Engineering Conglomerate) as anchor clients. It will help to localise the business process outsourcing (BPO) industry in Saudi Arabia.
TCS, India's largest software services exporter, will own 76 percent while GE will own 24 percent of the equity.
The new venture expected to create up to 3000 jobs for Saudi female professionals. GE will create up to 1000 employment opportunities. The initiative would create new jobs in finance and accounting, HR, IT and supply chain management services.
When: 24 September 2013