NEWS-INDIA: Infosys to establish software development campus

[Frederick Noronha <fred@bytesforall.org>]

Infosys to establish software development campus
by Mohammed Shafeeq, India Abroad News Service

Hyderabad, Jan 11 - Infosys Technologies Ltd will establish a software
development center in Hyderabad at a cost of Rs. 2 billion under a
Memorandum of Understanding (MoU) signed with the Andhra Pradesh government
Thursday.

The MoU was signed by Andhra Pradesh chief secretary P. V. Rao and Infosys
chairman N. R. Narayan Murthy in the presence of state chief minister N
Chandrababu Naidu on the concluding day of seventh partnership summit here.

Infosys will set up the software development campus near Indian School of
Business (ISB) in two years. The state government has agreed to provide
Infosys 30 acres of land near ISB. Infosys may purchase another 20 acres of
land contiguous to the plot for its future expansion.

After signing the MoU, Narayan Murthy told media persons that in the first
phase of the project, seating facilities for 1,200 software professionals
will be created at a cost of Rs. 800 million. The center will be completed
in two more phases, creating additional seating facilities for 1,300
software professionals.

Murthy said Infosys was following a strategy for setting up world-class
software development campuses, which will cater to the overall well-being of
its human resources and help tap local talent. He said he was delighted to
expand the operations in Hyderabad,  which was an important destination for
investment in the field of IT.

Chandrababu Naidu said  the campus was proof of the quality and depth of IT
talent available in Andhra Pradesh and of the confidence reposed by
investors in the investor-friendly administration.

--India Abroad News Service