PeopleSoft managing director (South Asia) Angus McDougall said that the investment will be made over a three-year timespan and will be utilised for establishing and ramping up the services centre in Bangalore.
PeopleSoft executive vice-president Ram Gupta said that, the centre will focus on development, implementation and support for PeopleSoft Enterprise Solutions for customers spread across the globe.
It is the eigth centre for the company, but the first being set up on a partnership basis and will be the largest remote services centre globally.
Hexaware Technologies chairman Atul Nishar said that the India Services Centre (ISC) at Bangalore would employ 50 people to begin with, which will eventually be increased to 300 professionals by December 2003, and is projected to grow to around 700 employees in the three-year period.
The professionals will be employed by Hexaware, he added.
The new facility would offer remote configuration capability utilising PeopleSofts lab-based implementation methodology, resulting in cutting cost and time required for installation, informed Mr Nishar.
Hexaware CEO Rusi Brij said that currently, the PeopleSoft practice contributes around 21 per cent to Hexawares total revenues and said that it is expected to increase to over 25 per cent of the total revenues of the company.