MUMBAI:IT services and telecom solutions provider Tech Mahindra will invest USD 150 mn over the next three years to set up 4 development centres across India.

"The company will spend USD 150 mn over the next three years (to develop four centres)," Mahindra & Mahindra Group Chairman Anand Mahindra told shareholders at the 21st Annuam General Meeting of Tech Mahindra here on Tuesday.

Tech Mahindra Vice-Chairman, Managing Director and Chief Executive Officer Vineet Nayyar later said that the investment would be made to set up centres in Pune, Kolkata, Chandigarh and Nodia.

Nayyar said apart from the 9,000-seat Pune facility, the first phase of which is in the final stages of completion at Hinjewadi SEZ, others will come up this year or in early 2009.