UST Global to invest $100 million, hire 25,000 people in India

TechnoparkToday.com(Feb, 2015):  Technopark based UST Global plans to invest $100 million (about Rs 610 crore) in India and hire over 25,000 people, mostly telecom professionals, over the next two to three years as it seeks to build capacity in anticipation of strong growth in the country’s telecom sector.

Sajan Pillai, chief executive at UST Global, told that India’s telecom sector is set to see the largest growth over the next five years, from a services perspective, as millions of customers will begin using smartphones, leading to massive increase in data usage. This, in turn, will require back-end support for customer management, operating and business systems (OSS, BSS) on data networks.

We’re building an overall aggregated capacity of over 25,000 people in the next two and half years,” Pillai said. “Just on the telecom area and the capacity we want to build, we will have to invest $100 million.” He added that the company will double capital and investments into Internet Protocol in India.

The massive network infrastructure of telecom companies can well become the backbone for a great number of mobile services including m-finance, m-agriculture, m-healthcare and m-education. Hence, UST wants to tap into this sector and wants to make telecom services one of its core businesses globally, alongside healthcare and retail.

In its global campus in Trivandrum, where the company has capacity for 30,000 people, about 22,000 people will be added to the existing 8,000 people. The company set up a Global Telecom Centre of Excellence in Gurgaon in 2013, where 1,000 people will be hired, dedicated to offering back-end support services to carriers.

Source – Economic Times