eSys to shift base to Chandigarh

CHANDIGARH, INDIA: Singapore-based $2 billion IT company eSys has plans to shift its global headquarters to Chandigarh and invest Rs 30 crore to develop its infrastructure here.

By relocating its global headquarters to India, the firm would save close to 80 per cent on the production cost while the manufacturing cost would come down by more than 50 per cent.

"Our business to consumer (B2C) business will be handled out of Chandigarh and it provides specialized supply chain management services to all our international clients," said Akash Deep Sharma, director eSys technologies India.

The campus would accommodate 2000 employees by mid 2008 and the company plans to increase the headcount to 3000 by 2009.

It also plans to move its PC manufacturing facility from Singapore to Nalagarh in Himachal Pradesh. The new manufacturing plant would be setup with an initial investment of Rs 50 crore and escalated to Rs 250 crore in three years.

“The excise duty in Singapore has gone up to 12 per cent due to which the countervailing duty had increased when PC's were imported to India,” company officials informed CyberMedia News.

eSys’ supply chain management services would also be extended to a number of Indian players. There are plans to run pilot projects with Indian corporate giants as part of its total business outsourcing (TBO) model.

The company is also planning to increase its installed capacity in India from three lakh units to three million units per annum.

eSys also plans to bring an in-house hardware distribution chain for its international clients.