Infosys to invest Rs 3.06 billion

Infosys Technologies co-founder and Board member K Dinesh has said that the company is planning to invest Rs 3.06 billion in the state-of-the-art campus near the Technopark here, which will create 8,000 jobs over the next few years.

He was speaking after Chief Minister V.S.Achuthanandan performed the stone-laying ceremony for the development centre here on Saturday.

Infosys, operating out of a leased facility in Technopark since 2004, will now have two full-fledged operations here on completion of the new facility.

Chief Minister Achuthanandan said: ‘‘Kerala is emerging as a key IT destination in south India. Infosys ramping up its presence in Technopark is a reaffirmation of this fact. The magnitude of Infosys’ investment in its development centre demonstrates its long-term commitment towards Kerala and speaks volumes about the world-class facilities on offer here for its employees.’’
The Chief Minister, who announced all support to the IT companies in the state, said that the government would not hesitate to recoup the land allotted to IT companies, if they fail to set up facility centres in a time-bound manner.

Technopark CEO N. Radhakrishnan Nair said that the commencement of work on Infosys Software Development Centre marked the take off of Technopark to a new trajectory, considering the infrastructure problems and the social tensions in traditional Tier-1 Information Technology locations.

The present Infosys facility in Technopark campus has a capacity to seat 1,100 employees with an investment of Rs. 300 million. This development centre has a world-class work environment designed to enhance productivity and efficiency.

Infosys has also leased 40,000 sq. ft. of space in the Thejaswini Block at Technopark for expansion.