Thursday , 24 April 2014
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Infosys to Expand Operations in Kerala

Infosys, touted as the second largest IT company in India, has signed an agreement with Technopark for 50 acres of land in Technocity, where it will set up its second campus  under SEZ  scheme. The agreement was signed by H. R. Binod, Senior Vice President, Infosys, and K. G. Girish Babu, CEO, Technopark Trivandrum, in the presence of Oommen Chandy, Chief Minister, Kerala; P. K. Kunhalikutty, Minister for Industries, IT & Urban Affairs; Kris Gopalakrishnan, Executive Co-Chairman, Infosys; and P. H. Kurian, Principal Secretary (IT), Government of Kerala. Technopark Senior Business Development Manager M. Vasudevan and General Manager K. V. Rajendran were also present at the function.

Infosys’ decision to set up yet another campus in Trivandrum is a strategic one. The company’s Trivandrum centre is its fastest growing centre at 30 percent annually.

It is expected that the setting up of the company’s second campus will have a major significance in the State’s IT sector. Currently, Infosys contributes to more than 21% of the total IT exports of the State, i.e., Rs.608 crores out of the total Rs.2875 crores of IT exports (FY 2010-11).

During 2012-13, Infosys plans to add 3500 engineers in the existing campus at Technopark Phase–II, thus increasing its exports to Rs.800 crores. With the setting up of the new campus at Technocity, their contribution will provide a major boost to the State’s export revenues and also employment generation.

Infosys plans to set up more than 1 million sq. ft. of built-up space and to offer jobs to 10,000 engineers in the Technocity campus. The possible export from this SEZ campus would be of the order of Rs.1500 crores over the next 5-8 years. Creating employment for an additional 10,000 engineers in Trivandrum will bring substantial revenue to the State exchequer by way of TAN (Tax Deduction Account Number) and this will also enhance the local wealth generation. The indirect employment created in and around the campus would be another 50,000. Infosys will invest over Rs.1,000 crores in its most modern campus in Technocity Campus at Trivandrum.

source: keralait.org

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