Infosys to invest $125-150 mn for campus in China

Posted By: Religare
Subscribe to GoodReturns

Infosys Technologies Ltd, India's second-biggest software services exporter, plans to invest $125-150 million (approximately Rs 560-675 crore) in a new campus in China, it said in a statement on Saturday.

The project will be completed over a period of 3 years and will have a capacity to seat 8,000 employees, the statement said. Infosys China, which currently employs over 3,300 people, reported revenues of over $78 million in fiscal year ending March 2011.

Infosys Technologies Ltd is planning to put in about $125-150 million in a new campus in China which has a capacity to seat about 8,000 employees.

The project will be completed over a period of 3 years while at present, Infosys China employs over 3,300 people.

Moreover, Infosys China reported revenues of more than $78 million in the financial year ending March 2011.

Infosys Limited, formerly Infosys Technologies Limited, is a global technology services company headquartered in Bengaluru (Bangalore), India.

Infosys is the second largest IT company in India with 130,820 employees (including subsidiaries) as of March 2011. Infosys is ranked 28th globally,in the list of IT services providing firms.

It has offices in 33 countries and development centres in India, China, Australia, UK, Canada, Brazil and Japan

Read more about: infosys, bse, nse, information technology
Story first published: Monday, May 23, 2011, 9:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'