Infosys to set up Rs 100 crore development centre in Indore

Tags: IT
Infosys, country’s second largest information technology services company, plans to set up new development centre at Indore in Madhya Pradesh at an investment of Rs 100 crore in phase one.

“We are in talks with MP government to acquire around 60-100 acre land for the centre,” S Gopalakrishnan (Kris), executive co-chairman, Infosys told Financial Chronicle, at the sidelines of India Economic Forum. “We are planning to set up a development centre in Indore. In the first phase, we will be investing around Rs 100 crore, which will be capable of sitting 5,000 people,” Gopalakrishnan said.

He further said that if required, they would increase the head-count to 10,000 at similar investment in the second phase. According to him, setting up a development centre usually takes around 12-18 months.

Madhya Pradesh CM Shivraj Singh Chouhan said, “We have invited Infosys to set up development centre in the state and we will be meeting the company officials to finalise the land parcel soon.”

The company has maintained its growth forecast for the quarter of around 17-19 per cent. On the economic slowdown, Gopalakrishnan said, “The slowdown is because of what is happening outside India. So there will be some impact. But if things improve, the growth rate can go above 9 per cent and possibly double digit.”

The company is now focusing on growing the international markets as well as acquiring clients in new sectors. “We are looking three development areas in France, Germany and Japan. Secondly, we look for where we want to go faster, media, public utility and healthcare. The third is services, where we want to grow faster, maybe consulting. So actually we have a multi-prong strategy for growth,” said Kris.

rupeshjanve@mydigitalfc.com

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Steps towards transparency in the real estate sector are long overdue

    Searching for black money in India’s real estate sector, which constitutes 11 per cent of the country’s $ 2 trillion GDP, is like searching for th

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

Reaping from the core of the earth

Geothermal energy is energy generated from inside the earth’s crust. ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture