The country's largest software exporter Tata Consultancy Services will spend at least Rs 300 crore less than its budgeted capital expenditure in the current fiscal. While the company's spend on technological assets is on track, the reduction will be on the physical infrastructure, as it is facing a shortage of construction labourers for the centres under development.
TCS budgeted spend of Rs 2,200 crore for fiscal 2011 was supposed to be the highest in the history and was necessitated by the strong pick-up in demand for software services. The plan was to spend Rs 1,800 crore on physical infrastructure and the rest on upgrading technological assets.
