News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 12 years ago
Home  » Business » Infosys to set up its second campus in Kerala

Infosys to set up its second campus in Kerala

Source: PTI
April 05, 2012 13:41 IST
Get Rediff News in your Inbox:

Infosys Ltd will set up a new campus at Technocity here, estimated to cost Rs 600 crore (Rs 6 billion), providing a boost to the IT sector in the state.

This will be the Infosys' second campus in the state. The state government singed an agreement on Wednesday with Infosys to hand over 50 acres at Technocity, which forms a part of the fourth stage of expansion of the Technopark.

Chief Minister Oommen Chandy, State Industries Minister P K Kunhalikutty and Infosys Executive Co-chairman Kris Gopalakrishnan and senior officials of the government and Infosys were present on the occasion.

The new campus is coming up at a 10 lakh sq feet area that would provide direct employment to over 10,000 people and indirect employment to over 50,000.

The campus will give a boost to IT sector in Kerala, which already had over 20 per cent share of the total IT exports from the state, Chandy said.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!