Satyam Computer Services has signed a MoU with the Egyptian government for setting up a global development centre in Giza in line with its plan of expanding its global footprint. The centre will accommodate about 300 people over the next two years. "While the Egyptian engineers' specialised skills can be leveraged for better software delivery to our customers globally, the domestic market offers ample opportunities for business generation," said B Ramalinga Raju, founder and chairman of Satyam.

These global centers, he said, also reflected the company's commitment to build up an alternate workforce, a multi-country model and a global delivery approach.

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Prashanth Rai