Global IT major Accenture set to launch operations in Tiruchi
Accenture, a global Information Technology major, is set to launch operations in Tiruchi, one of the key educational hubs in the State.
For the U.S.-based global multinational professional services company, Tiruchi will be the third city in the State, after Chennai and Coimbatore, where it would have a facility. The presence of a number of institutions and leading engineering colleges is said to have weighed in favour of Tiruchi.
According to sources, the IT giant will function from a building on Karur Bypass near Annamalai Nagar. Work is under way to create the infrastructure for its office.
V. Arun Roy, Secretary, Department of Industries, told The Hindu that the company had expressed its readiness to launch its operation in Tiruchi to the Tamil Nadu delegation at the World Economic Forum in Davos in January. It was a transformational move for Tiruchi, which had a huge chunk of IT graduates. It would create new employment opportunities and contribute to the State digital ecosystem.
Informed sources said the company had begun the process of posting employees and recruitment for various roles.
The move assumes significance in the background of setting up of a TIDEL Park, a joint venture of Tamil Nadu Industrial Development Corporation (TIDCO) and Electronic Corporation of Tamil Nadu (ELCOT) at Panjapur, adjacent to the new Integrated Bus Terminus, on the Tiruchi-Madurai Highway. The premises will have a built up area of about 5.58 lakh sq.ft. A sum of ₹315 crore is allotted to the project. The construction work has already begun and the project is scheduled to be completed within 18 months.
'Accenture move is a gift to the people of Tiruchi, which is known for its manufacturing sector. The entry of IT Major will bolster the service sector in Tiruchi. It will change the profile of the city,' says K.N. Arun Nehru, Member of Parliament, Perambalur.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
an hour ago
- The Hindu
Finance Ministry rolls back restrictions on procurement of scientific equipment
Amid complaints from scientists on sub-standard equipment affecting their research, the Finance Ministry has rolled back restrictions imposed on how scientific labs procured equipment, through a circular issued on Thursday (June 5, 2025). The first significant change was allowing affiliated scientific institutions to bypass the Government e-marketplace (GEM), a Commerce Ministry initiative meant to prioritise made-in-India equipment. Existing norms require all government purchases — from laptops to furniture — to be made with the cheapest vendor identified through the GEM portal. As The Hindu had previously reported, this was often a stumbling block for scientists who required customised equipment conforming to high-quality standards to replicate experiments. The vendors of the GEM, scientists had told The Hindu, were often unable to meet such standards. For procurement outside the GEM universe, scientists had to first establish that the necessary wares were unavailable on the site. This often led to delays and compromise on research goals. Thursday's (June 5, 2025) notification allowed Directors of select institutes and Vice-Chancellors or Chancellors of universities to make 'non-Government e-market place procurement of scientific equipment and consumables'. The Director of a leading biology institute, who declined to be identified, said he could 'scarcely believe' that the government had eased procurement norms via GEM in a 'single stroke'. 'This has been a major demand from the scientific community and a restriction imposed after 2019. It is a positive development and should greatly ease research and development,' he told The Hindu. 'This reverts back to how procurement used to happen before the GEM, where institute heads had greater autonomy.' The circular of June 5 also allows heads of scientific institutions to approve 'Global Tender Enquiry' (GTE) up to ₹200 crore. Prior to this, departmental Secretaries – such as the heads of the Department of Science and Technology, Department of Biotechnology or Ministry of Earth Sciences (MoES) – were required to issue such clearances. This usually led to 'pile up' of requests and concomitant procurement delays, a scientist in one of the Ministries told The Hindu. The circular has also doubled the ceiling on goods that can be procured by scientific departments without quotations from ₹1 lakh to ₹2 lakh. For a Purchase Committee, the ceiling was raised from ₹10 lakh to 25 lakh and for Tender Enquiries, the upper limit was increased from ₹50 lakh to ₹1 crore. These limits were revised in July 2024 too and easing them reflects inflation while allowing scientific institutions greater control at a local level in choosing appropriate vendors. However, all of these concessions are strictly for scientific equipment and consumables and meant only for organisations affiliated to the Ministry of Science and Technology, Council of Scientific and Industrial Research, Department of Atomic Energy and Space, Indian Council of Medical Research, Indian Council for Agricultural Research and educational institutions conducting postgraduate research under various Ministries. Science Minister Jitendra Singh posted on X that this was a 'landmark' step. 'This will reduce delays, also enhance autonomy and flexibility for research institutions – empowering them to innovate faster.' He credited Prime Minister Narendra Modi for the 'transformative reform'.
The Hindu
2 hours ago
- The Hindu
Production upped by 5,000 sarees per year, but demand for Mysore Silk still unmet
In the last two financial years (2023-24 and 2024-25), the Karnataka Silk Industries Corporation Limited (KSIC) has increased its production by 28,000 metres. This essentially translates to 5,000 sarees per year. Despite this, it is still finding it difficult to meet the extensive demand for the world-renowned Mysore Silk sarees. 'I visited the factory outlet of KSIC in Mysuru with the hope that I would be able to find multiple options. But I saw only eight sarees in total. I went around 2 p.m., and all the racks were empty, and the saleswomen were just sitting there. Most people who came to buy sarees were going back as they said new stocks would only come the next day,' said Tanisha Hegde, a resident of Bengaluru who had travelled to Mysuru to buy sarees. KSIC operates 14 showrooms across the State, including the ones in Bengaluru. Recently, many videos of women queuing up in front of KSIC showrooms on Saturdays, when new stocks arrive, hours before the showrooms open, have gone viral. While the first few of them manage to get sarees, the others go back empty-handed. On most other days, customers say that they cannot find any new sarees. The corporation said that if production is drastically increased, it will affect the quality. 'I have around five KSIC silk sarees and I am looking to buy something new for my daughter's wedding which is coming up in a few months. I know that I will not be able to handle the crowd on Saturdays. So, I have been to two showrooms in Bengaluru three times in the last two months but have had no luck in finding new designs of sarees,' said Kalpana Rajanna, a resident of Bommanahalli. KSIC officials acknowledged the supply crunch. 'There is a supply crunch, and especially in the last few months, the stocks are disappearing in minutes, as it is the wedding season. Recently, one customer picked up 15 – 20 pieces for a wedding. Similarly, many others have been buying five to six pieces at once,' Zehra Naseem, managing director, KSIC told The Hindu. 'Usually, sarees are available in factory outlets on all days. People exclusively want zari sarees as the quality of zari and the prices we offer are unmatched in the market. This is why people keep coming back to KSIC, and there is a constant demand,' she added. As an indicator of the growing demand and sales, the net profit of KSIC has gone up from ₹73.40 crore in 2023 – 24 to ₹96 crore in 2024 – 25. New colours, designs To keep up with the modern trends, KSIC has introduced new designs and new pastel colours to their sarees The officials said that colours like baby pink, light lemon yellow are in great demand among youngsters while the older customers still prefer colours like bottle green and mustard. Plain sarees with embroidery work in the range of ₹17,000 - ₹18,000 have also been introduced and are in great demand, they said. 'We are seeing a lot of demand for our sarees in muted colours. We have introduced 17 new ranges as designs,' Ms. Naseem said.
The Hindu
4 hours ago
- The Hindu
Tiruchi students look beyond U.S., U.K. for overseas education
Volatile global politics, visa restrictions, and rising cost of living are forcing students in Tiruchi to reconsider their option of proceeding to the U.S., the U.K., and Canada for higher education. Some educational consultancies have closed down their overseas departments because of the changing market dynamics and decided to concentrate on the more vibrant domestic sector. The availability of one-year postgraduate courses had made the U.K. a preferred destination for many Indian students. However, of late, there had been a slowdown in demand for these courses because of the rise in living costs and greater restrictions on part-time employment, said education consultants. 'Every September, we used to have up to 50 students from Tiruchi going to major English-speaking countries, where the fees would be over ₹15 lakh a year. This year, we have only around 30 students enrolled so far, mostly for the U.K. This despite the fact that education loans being available easily in India with banks willing to fund up to ₹50 lakh for overseas studies,' Girubakaran Periasamy of Scholars Global Education told The Hindu. Artificial intelligence, data science, business analytics, electronics engineering, and business management are among the subjects that Indian students pursue abroad. 'There has been a drastic drop in enrolment for qualifying tests such as TOEFL, GRE, and GMAT. We used to get up to 20 students for the U.S. until recently. This year, we have only three and two of them are having second thoughts,' said S. Sivakumar, CEO of the educational consultancy U2CAN. Mr. Sivakumar attributed the decline in applications to the U.S. and Canada to a combination of the restrictions placed on student visas and costlier degrees. 'We are seeing many more enquiries about institutions in European countries such as Finland, Sweden, France, and Germany. Among Asian countries, there is a growing interest in Japan,' he said.
