Iconic Indian IT outsourced services leader, Infosys Technologies has announced significant expansion of its presence in China: Last week the company laid the foundation stone for its new campus at the Zizhu Science and Technology Park in Shanghai and said it would to invest between $125-150 million in the new campus, one of the largest investments in China by a software company.
The new Shanghai campus will be spread over 15 acres and developed over a period of 3 years. With an overall seating capacity for 8000 employees, the campus will have state of the art facilities for software development, labs, data centres, training facilities, food courts, a 1500 seater auditorium, gym, and other recreational facilities. The Shanghai campus will be the largest overseas software development centre of Infosys.
Chairman of the Infosys Board. N. R. Narayana Murthy, Member of the Board, T.V. Mohandas Pai, Indian Ambassador to China Dr. S. Jaishankar and Chief Executive Officer, Infosys Technologies (China), Rangarajan Vellamore, were present at the ceremony.
Mr. N. R. Narayana Murthy, said, "I would like to thank the Shanghai Municipal Government and the Chinese Government for their support in starting this project. 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. 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."
Rangarajan Vellamore, CEO, Infosys Technologies (China) Co., Ltd, said, "We have been in China for the past 7 years and have created a high quality capability to address the global and local markets. We have invested heavily in technology, training and people to derive a strategic advantage in our capabilities. With this large investment and enhanced capability we 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."
Infosys China was incorporated in 2004 and had revenues of over US $ 78 million in fiscal year 2011. The company has invested in world class development centers in Shanghai Pudong Zhangjiang HiTech Park, Hangzhou Binjiang HiTech Park, Beijing China Oversea Plaza, a sales office in Hong Kong and a global education center in Jiaxing Science city. Infosys China employs over 3300 people in China and has already invested US $ 23 million in capital and has office space for 4200 people in China.
May 23 2011