Infosys to start new campus in Shanghai

NEW DELHI, INDIA: The leading Indian IT major, Infosys Technologies, plans to make a huge investment in China. The company will make investments worth $125-150 million in its new campus at Zizhu science and technology park in Shanghai, China.

"This large investment is a testimony to Infosys' commitment to China. As a global company with a presence in over 75 countries, we will use our enhanced capacity here to deliver high quality consulting and software services to the global markets as well as to our clients in China," said N.R. Narayana Murthy, Infosys chief mentor and chairman of the board.

The new Shanghai campus will be spread over 15 acres and will be developed over a period of three years. It will be the largest overseas software development centre of Infosys adhering to the highest environmental standards, the company said in a statement.

With an overall seating capacity for 8,000 employees, the campus will have facilities for software development, labs, data centres, training facilities, food courts, a 1,500-seater auditorium, gym, and other recreational facilities.

"As the second largest economy in the world, China will lead the world in economic growth in the future and we see exciting times ahead," Murthy added.

According to Rangarajan Vellamore, chief executive officer, Infosys Technologies (China), with this large investment and enhanced capability, the company will aim to lead service capability out of China to the global and local markets for business transformation and operations.

"When this campus is completed, we expect to have over 10,000 employees in Shanghai alone," Vellamore added.