Infosys plans to invest $125-150 million in Shanghai

Posted By: Religare
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Infosys plans to invest $125-150 million in Shanghai
Infosys Technologies in a ceremony announced that the company plans to make one of the largest software investments in its new campus in Zizhu Science and Technology Park in Shanghai China. The investment is worth USD 125-150million. It will be largest overseas software development centre of Infosys in line with environmental standards.

Zizhu Science and Technology Park will be developed for capacity of 8000 employees over the period of 3 years. The campus is spread over 15 acres of land area, the campus will provide state of the art facilities for software development, labs, data centres, training facilities, food courts, a 1500 seater auditorium, gym, and other recreational facilities.

Speaking at the ceremony, Mr.N.R.Narayana Murthy, said, “I would like to thank the Shanghai Municipal Government and the Chinese Government for their support in starting this project. As the second largest economy in the world, China will lead the world in economic growth in the future and we see exciting times ahead. This large investment is a testimony to Infosys" commitment to China.

The mentor also added “As a global company with a presence in over 75 countries, we will use our enhanced capacity here to deliver high quality consulting and software services to the global markets as well as to our clients in China." Rangarajan Vellamore, CEO, Infosys Technologies (China) Co said that at the time of completion of project the company expects more than 10000 employees.

Read more about: infosys, bse, nse, information technology
Story first published: Monday, May 23, 2011, 9:30 [IST]
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