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INFOSYS TECHNOPARK INVESTMENT |
Infosys to pump in Rs 306 cr for
new Thiruvananthapuram centre
22 May, 2007
IT behemoth Infosys Technologies
Ltd has kick started the construction
of its first campus at the Technopark
in the Kerala capital. The company
plans to invest Rs 306 crore to set up
a state-of-the-art campus, which would
include facilities for work and
recreation for its employees.
Kerala Chief Minister V S
Achuthanandan, who performed the
groundbreaking ceremony for upcoming
development centre, said that state
“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.” K Dinesh,
Co-founder and Member of the Board,
Infosys Technologies Ltd, in his
speech thanked the government of
Kerala for the support extended. He
added that the company is looking
forward to create 8000 seats this
center over the next few years.
Infosys, which has been operating out
of a leased facility in Technopark
since 2004, will now have two
full-fledged operations in
Thiruvananthapuram, on completion of
the new facility. Over the next year,
in the first unit, Infosys plans to
create a capacity to seat 1,500
employees. The existing facility at
the Technopark campus in
Thiruvananthapuram has a capacity of
1,100 seats and has seen an investment
of Rs 30 crore, as of March 31, 2007.
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.
Speaking on the occasion, Technopark
CEO N Radhakrishnan Nair said the
start of work for the software
development centre by Infosys marks
the take off of Technopark to the
trajectory, considering the
infrastructure problems and the social
tensions in traditional Tier-1 IT
locations. We will see a number of big
league IT/ITES companies expanding to
Technopark and Kerala to benefit from
the manpower resources and excellent
quality of life.
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