BANGALORE: Infosys Technologies Limited has announced that it
would set up a software development campus in Hyderabad. A MoU to the effect has
been signed between the company and the government of Andhra Pradesh.
According to a release, Infosys will invest Rs 80 crore in
setting up facilities that will house about 1,200 software professionals within
two years from the signing of the MoU. It will invest an additional Rs 100 crore
in facilities that will have an additional 1,300 software professionals in the
second and third phases of the project.
For its part, the Government of Andhra Pradesh has agreed to
provide Infosys 30 acres of land in Manikonda village, Hyderabad, near the
Indian School of Business (ISB) campus. Infosys has retained the option to
purchase a further 20 acres of land contiguous to the plot for its future
expansion.
Infosys already has a development center in the Hi-tec City
at Hyderabad seating over 60 software professionals. Speaking on the occasion,
Infosys chairman N R Narayana Murthy said, "Infosys has followed a strategy
of setting up world-class software development campuses which cater to the
overall well-being of its human resources and help tap local talent. We are
delighted to expand in Hyderabad which is an important destination for
investment on the country’s IT map."
Chief Minister Chandrababu Naidu said, "Infosys’
setting up its software development campus in Hyderabad is ample testimony to
the quality and depth of IT talent available in Andhra Pradesh and of the
confidence in our industry-friendly administration."