TCS plans Rs. 13 billion capex in 06-07

MUMBAI  - India's top software services exporter,
Tata Consultancy

Services Ltd., said it planned capital expenditure of 13 billion

rupees this fiscal year to build IT services facilities.






This would include an investment of 10 billion rupees in real estate, Chairman
Ratan Tata told the company's shareholders.






TCS, which said this month it aimed to double revenues from South America to
$100 million, is also eyeing business in Eastern Europe and seeking

acquisitions, he said.






"We will continue to have strategic acquisitions and alliances to enhance the
capabilities of the company and also increase presence in certain geographies,"

Tata said.






He said TCS aimed to be among the top 10 firms in the global IT services sector
but added that Indian firms would face competition from China and the

Philippines.






The company's CEO, M. Ramadorai, said the share of revenue from emerging markets
like Latin America and Asia increased to 14.6 percent in the year to March 2006

against 12.4 percent in the previous year.