Infosys offers employees major incentives to relocate to new Hubballi campus. Here's why - Hindustan Times
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Infosys offers employees major incentives to relocate to new Hubballi campus. Here's why

By | Edited by Abhyjith K. Ashokan
Jun 19, 2024 11:07 AM IST

Infosys had been granted land for the Hubbali campus at a subsidised rate of ₹35 lakh per acre, compared to its actual value of ₹1.5 crore.

Infosys has announced incentives to employees willing to transfer to the company’s Hubballi development centre, after receiving flak for failing to create jobs locally around the development centre, The News Minute wrote.

The state government had provided 58 acres to Infosys in Hubbali at <span class='webrupee'>₹</span>35 lakh/acre (REUTERS)
The state government had provided 58 acres to Infosys in Hubbali at 35 lakh/acre (REUTERS)

This development came months after Arvind Bellad, BJP MLA from the Hubballi-Dharwad West constituency, criticised the firm for failing to create jobs locally around the development centre and demanded that the state government take back the 58 acre piece of land on which the centre sits, according to the article.

Also Read | IT majors like Infosys, Wipro, TCS leave 10,000 freshers in limbo as onboarding deferred

In February, Bellad had said in the Karnataka Assembly that Infosys had been granted the land at a subsidised rate of 35 lakh per acre, compared to its actual value of 1.5 crore, the article read.

He had also said that many farmers in his constituency had given up their lands hoping that Infosys would be creating jobs locally, according to the article.

According to reports, Infosys will offer an incentive of 25,000 to its band 3 and below employees upon initial relocation to Hubballi and an additional 25,000 every six months for two years. Those relocating will also reportedly receive 1.25 lakh at the end of 24 months.

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Similarly, band 4 employees will receive 2.5 lakh, 5 lakh for band 5, 6 lakh for band 6, and 8 lakh for band 7 employees at the end of 24 months, apart from the initial relocation incentive, the article read.

In February, amidst similar allegations made in the Assembly against other such large firms in the state, Karnataka Minister for Commerce and Industries MB Patil had pointed out that this was in violation of the Industrial Policy 2020-25, which says that companies receiving incentives from the government must provide 100% Group D jobs and an overall 70% jobs to Kannadigas, the report read.

He warned that the state government would withdraw benefits to companies that fail to create jobs for locals, according to the report.

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