TCS Layoff A Business Call, does not guarantee government interference: Karnataka It Minister | Company Business News

New Delhi: The largest technology services business in India to dismiss 2% of its workforce justifies no intervention from the government of Karnataka, as it was a business decision, said Information Technology Minister Priyank Kharge. Kharge spoke to Mint on the sidelines of the inauguration of the 2025 Bengaluru Tech Summit in here, and said: “What I know, TCs (Tata Consultancy Services Ltd) overestimated their business and had a heavy banking power, which led to a course of course. necessary skills remain. As the state government, we must work with industries to ensure that the available talent becomes more employed. “Ai Upkling He said that a government interference would only be needed if the state assessed that incentives for the surge of AI were required to ensure that the technology labor force did not lose work. dismissal decision was’ disturbing ‘and that the state would investigate the Labor Act’ to see if there were any offenses by India’s largest homemade technology services firm. will affect employees at the middle to senior level, the deployment of which is “not feasible” due to the impact on matters of new technologies, including the arrival of AI in businesses. Concurrent. Notwithstanding these challenges, Kharge said the state does not expect to lose a boom in India’s global capacity centers (GCCs) of major foreign firms, such as financial services giant JPMorgan Chase, retail major Walmart, Energy Giant Shell, Engineering Group Bosch, and others. “As part of our state policy, we do not offer subsidies and incentives to any party that sets off offices and hubs in Bengaluru. We have 850 large GCCs, and about 1,500 overall GCCs that take into account small capacity centers, “the minister said.” Now we have identified clusters in the Bengaluru area as part of our state economic policy, which includes Manipal-Uudupi-Mangaluru, Hubbali-Slaagavi-Dharwad, Kalaburagi, Ballari and Mysuru-Ramanagara. Kharge said the Karnataka government helps businesses with infrastructure in these regions and offers incentives to set up a plug-and-play model in these cities. he added. -Polid ”, similar to what Kharge described. Data from the government of Telangana marks on the presence of 355 GCCs from June. Nasscom, industry advocacy, said in February that the GCC Industries of India, which would earn $ 110 billion in annual revenue by FY30, Counts Telangana, andhra Pradesh, Gujarat and Tamil Nadu if the most important stock of Karnataka’s Leadership as India’s technological hub. Even in other sectors, I compete with Tamil Nadu to attract manufacturing companies, and with Maharashtra around sector-magnostic foreign investment. Nearly 65% of India’s Aersopace and the defensive industry are based in my state, and the previous year, GCC, Leading 77.2 million SQ is based FT office space, of which 47% was in Bengaluru itself, ”he added.