Indian IT and consulting services firm, Tata Consultancy Services (TCS) has today shared its plans to establish a new TCS Innovation Lab in Australia. Australian Prime Minister Malcolm Turnbull, who’s currently on a four-day visit to India, issued the statement after a one-on-one meeting held with TCS CEO and Managing Director, Rajesh Gopinathan.
TCS is still to locate the innovation center which will act a collaborative space for TCS and its industry partners. The center will employ local talent in order to bring down the growing unemployment crisis in Australia. As per the Australian Bureau of Statics, unemployment in the country increased from 5,800 to 749,500 at a rate of 5.9% for March 2017.
TCS currently has its network spread over 46 countries. It now plans to benefit Australia through its research and technological advancements via the Innovation Lab. This establishment would be the third such lab for TCS outside India. The company has a strong research base across domains at its global Innovation Labs, where scientists and technologists develop solutions for crucial business problems. It offers a complete innovation ecosystem to help strengthen business leadership.
Though the exact details of the TCS innovation lab are still unclear, the announcement lines up with Turnbull government’s National Innovation and Science Agenda. The agenda embraces new innovational and technologically advanced ideas capable of delivering the next age of economic prosperity in Australia. The government believes that technological developments taking place each day, impact our way of communicating and working at its core. Thus, it is looking to invest across various sectors such as finance, retail, aviation, and more.
Apart from strengthening ties with the country, Australian PM Turnbull also met Sachin Tendulkar and Union Sports Minister Vijay Goel for advance cooperation in the field of sports. The said partnership will focus on four key areas — athlete and coach training and development, sports science, sports governance and integrity, and grassroots participation.