Infosys to invest $10 mn in Shanghai campus

Nasdaq-listed Infosys said its Shanghai centre would have a capacity to seat 1,000 engineers.

India's second-biggest software exporter, Infosys Technologies Ltd, said on Wednesday it would invest $10 million over the next two years to build a software campus in the Chinese city of Shanghai.

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Infosys, which is expanding in China like industry leader Tata Consultancy Services to help global customers and hire low-cost staff, told the stock exchange its new centre would also house back-office services and training facilities.

Nasdaq-listed Infosys said its Shanghai centre would have a capacity to seat 1,000 engineers. It already has 250 employees in China.

The Shanghai project is expected to start in January next year, Infosys said.

While China is considered a potential rival for India's $17.2 billion export industry in software and business services, Indian companies are expanding there to help mainly US and European customers, seek local clients and build a global footprint.