New Delhi, Nov. 3 -- Tata Consultancy Services (TCS) has announced a Rs 57, 701 crore (USD 6.5 billion) capital expenditure plan aimed at building long-term digital and artificial intelligence (AI) capabilities.
It marks a major shift towards strengthening India's technological self-reliance.
The plan is described by Chief Executive Officer and Managing Director of TCS, K Krithivasan, as a step towards becoming the ' world's largest AI-led services company' by combining equity and debt financing. It also includes investment from financial investors to retain strategic flexibility.
This move comes as India's digital infrastructure demand accelerates, which will prompt private players to expand capacity and resilience to avoid 'tech coloni...