Tata Consultancy Services (TCS) has announced plans to set up a software development campus in Indore, Madhya Pradesh, with an investment of Rs. 500 crore in two phases.

A statement from the company said the Indore campus would be located in the special economic zone ) area allotted by the Madhya Pradesh government.

'Indore is among the fastest growing cities in India by virtue of its business ecosystem and infrastructure development,' N. Chandrasekaran, CEO & MD, TCS, said in a statement. He also added that 'the city has a good potential to transform into a knowledge hub.' 'TCS’ investment will further boost the economy of the state by nurturing the development of talent and re-instilling inclusive growth.'

Once ready, the TCS campus will comprise software engineering blocks, training facilities and an amphitheatre among other facilities.