IT major Infosys will set up a software development centre in the city, its second in Maharashtra after Pune, with an initial investment of Rs 100 crore.
The Bangalore-based software services provider today signed a memorandum of understanding (MoU) in this regard with Maharashtra Airport Development Company (MADC) in the presence of the Maharashtra Chief Minister, Mr Prithviraj Chavan.
The MoU was signed by MADC Vice-Chairman and Managing Director, Mr U.P.S. Madan, and Infosys’ Managing Director, Mr Shibulal.
The company will be allocated 142 acres for the centre at Mihan, an air cargo project being developed by MADC.
According to the MoU, the IT firm will start operations within three years at the centre which will come up at an investment of Rs 100 crore and provide jobs to about 2,000 software engineers over five years.
Infosys intends to invest a total of Rs 415 crore and create jobs for 14,000 IT engineers when the centre, the firm’s 12th in the country, is fully developed in about 10 years.
Infosys has 64 offices and 68 development centres in India and abroad and 1,45,088 employees as on December 31, 2011.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.