Tata Consultancy Services (TCS) has joined hands with Saudi Aramco and GE to establish an all women business process services centre in Riyadh, Saudi Arabia.
While TCS would hold 76 per cent stake in the venture, the balance would be owned by GE and the centre would be staffed by Saudi women, according to a joint communication of the three companies filed with the stock exchanges by TCS.
The statement said the business service centre would initially serve Saudi Aramco and GE as anchor clients. The coming together of the three companies stressed their commitment to support `Saudi Arabia’s localisation strategies’ to diversify the Kingdom’s economy and development of a viable employment sector.
The centre would serve as a `building block’ to localise the BPO industry in the country and the three partners would work with a view to scale up the BPO venture to create up to 3,000 jobs for Saudi females. GE would create up to 1,000 jobs for this initiative. The new initiative would create new jobs in finance and accounting, HR, IT and supply chain management services.
The launch ceremony was held at Dhahran, headquarters of Aramco, at which HE Abdullatif A. Al-Othman, Governor, Saudi Arabia General Investment Authority, delivered the keynote address.
Khalid A. Al-Falih, President and CEO, Saudi Aramco, Jeffrey Immelt, Chairman and CEO, GE, Cyrus Mistry, Chairman of Tata Group and N. Chandrasekaran, CEO and MD, TCS, participated.