Infosys plans to invest Rs 800 crore in Thiruvananthapuram

Trivandrum Infosys (Trinfy)

Trivandrum Infosys (Trinfy)

Trinfy Campus Skyline

Trinfy Campus Skyline (file picture)

Trinfy

Trinfy (Image Courtesy Pramod)

Trinfy

Trinfy (Image Courtesy Pramod)

IT major Infoys plans to invest Rs 800 crore in Kerala to expand operations and expects to generate 10,000 new jobs through this in the next five years, a top company official said here today.

The company has two centres in Thiruvananthapuram and provides employment to 2,100 professionals, Infoys CEO S D Shibulal told reporters here.

He said Infosys has set a target to to recuit 45,000 persons this year in the country and had already given jobs to 15,000.

Shibulal said global recession had not seriously affected the company’s operations. Business in the second quarter grew by 4.5 per cent and Infosys acquired 45 new clients, he said.

The company also entered into agreement with four major multinationls this year, he added.

He said there was no threat to Indian IT sector from any other countries in the near future. English based education and a good foundation in science and mathamatics for students have helped India emerge as a major player in IT sector in the world, he said.

Total IT business in Kerala was Rs 3,200 crore and Infoys’ share would come to around Rs 608 crore, he said to a question. There was issue connected with labour in company’s centres in the state, he added.

News Sourced from The Economic Times

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One Response to Infosys plans to invest Rs 800 crore in Thiruvananthapuram

  1. robinap says:

    This is how media twists facts..

    Shibulal said “There was NO issue connected with labour in company’s centres in the state, he added.”

    and ET report it as “There was issue connected with labour in company’s centres in the state, he added.” !!!

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