New Delhi: After setting foot in China, Tata Consultancy Services (TCS) may look for setting up another overseas software development facility in Eastern Europe within this financial year.

This was indicated by TCS senior vice president Phiroz Vandrevala on the sidelines of a media conference organised by the company to announce the launch of its subsidiary in China.

"We may set up one more development center outside India this year and it might be somewhere in Eastern Europe," he said without naming any particular country.

TCS already has overseas development centers in Canada, Australia, Uruguay and the UK.

Talking about China, Mr Vandrevala said that the Tata Sons has been granted a licence by the China government to float a subsidiary, Tata Information Technology (Shanghai) Co Ltd, which will be operated and managed by TCS. TCS is also currently a division of Tata Sons.

The company expects to have around 150 people on board in the China subsidiary by the end of one year.

The company will also send a few Indian employees besides recruiting local people from China. Headquartered in Shanghai, its marketing office will be in Beijing and development center in Hangzhou.

Mr Vandrevala claimed that the company has confirmed orders from some of its multinational clients like General Electric and insurance major AIG to provide technology and development support to kick off operations in China.

"TCS will start working with existing international clients and expand its operations in local Chinese market besides gaining entry in other Asian countries like Korea and Japan. The Chinese operations will also be capitalised to service global clients outside China in the long run," he said.

Despite the cost of operations being higher by 10-15 per cent in China as compared to India, TCS would also undertake new product and technology development work in areas like mobile communication and embedded software to capitalise on the mature market in China, he added.