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E-mail ID will not be published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

  • It’s another challenging year for a govt that’s missed 20 of 24 targets

    The government has set an ambitious target for money to be raised through sale of public sector company shares.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Corruption law calls for correction

In any country, it is its laws against corruption that ...

Kuruvilla Pandikattu SJ

Believers of the world set to rise

The world is set to become more religious as the ...

Gautam Gupta

The changing face of the fashion world

Indian fashion industry, like every fashion industry in the world, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture