Infy to invest $282.09M in Hyderabad

By agencies   |   Tuesday, 28 March 2006, 08:00 Hrs
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HYDERABAD: Information Technology (IT) major Infosys Technologies Ltd announced plans to invest about $284.09 million in its proposed second campus in Hyderabad, which will see the company inducting 25,000 people over the next 10 years.

The existing campus in Hyderabad currently hosts 5,200 people and it expects to create additional capacity for about 4,000 by the year-end. In order to grow the company has signed a MoU with the State Government that envisages creation of a campus over a 550 acre of land.

The government has identified about 150 acres for the phase one and the balance would be provided later. The company’s Chairman and Chief Mentor of Infosys, N R Narayana Murthy said, “The State has a healthy climate and the Government has been very supportive. We intend to invest $284.09 million in the next 10 years to create a next generation campus. At Infosys, it is a tradition to under promise and over achieve.”

This is another milestone for the company that is celebrating its 25th year. “We continue to grow wherever there is possibility to expand operations. Bangalore too is on the cards. We have been recently intimated about allotment of land and it is for us to pursue with the authorities for the proposed land," Murthy added.

In the first phase, the company plans to invest $102.27 million in the first phase and $90.90 million each in second and third phases.

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