TCS sees industry M&A, China growth

SINGAPORE, SOUTHEAST ASIA: Tata Consultancy Services (TCS) said on Wednesday it planned to hire over 3,500 people in China over the next four years to grow its business there and tap the country's large pool of engineers.

India's largest IT firm also said it expects Asian revenues will grow next year despite the economic slowdown and retrenchments by the region's banks, due to its large pipeline of existing projects.

"We have 1,300 people in China at the moment in four centres and we are growing it... We plan to have 5,000 people in four years," Girija Pande, who heads TCS Asia Pacific operations outside India.