Swiss bank UBS will increase its offshore capacity in Indian city Hyderabad through a second offshore IT centre, which will push total capacity to about 2300 people.
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Last year the company announced its plan to build a centre to handle back-office functions with a capacity for 1,600 staff. It currently houses 850 people and the new building will increase capacity.
“The new building will increase our offshoring capacity in India by 700 people,” said a spokesperson.
The new centre will provide business continuity for the company’s Indian operations and is planned to be complete in spring of 2008.
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