Infosys sets up shop in Mohali
Promising to create 20,000 jobs and make SAS Nagar an information technology (IT) hub, Infosys on Saturday became the first technology giant to set up shop at the 'IT City' here.chandigarh Updated: Feb 23, 2014 11:42 IST
Promising to create 20,000 jobs and make SAS Nagar an information technology (IT) hub, Infosys on Saturday became the first technology giant to set up shop at the 'IT City' here.
Setting the stage for what he described as the "information technology revolution in Punjab", deputy chief minister (CM) Sukhbir Singh Badal laid the foundation of Infosys' 50-acre campus in the presence of its founder and executive chairman, NR Narayana Murthy.
In the first phase, Infosys will invest Rs 425 crore to create a built-up area of 6.5-lakh square feet within 24 months. Murthy said, "We will take six months to get all the approvals from the Centre and state governments. I know Punjab will act swiftly. But, given that the country goes to polls in April or May, I believe that the approval of SEZ (special economic zone) will take three to four months."
Infosys already has a 30-acre campus in Chandigarh and its software exports were to the tune of Rs 1,500 crore in the last fiscal. On starting new campuses, Murthy said, "The company will start new centres at Indore and Noida. We have a lot of employees from north India, and many of them have expressed desire to be nearer to their parents and hometowns. Therefore, we decided to expand."
He termed job creation as the only antidote for prosperity and appealed to society, including politicians, civil societies and corporates, to work towards it.
Sukhbir bats for Infosys, says
will change Punjab's economy
Sukhbir Badal said the Infosys campus in SAS Nagar would change the economy of Punjab.
"It was my dream to herald an IT revolution in Punjab. With Infosys landing in Punjab, I have realised it (the dream) today," he said while speaking after laying the foundation of the campus.
"SAS Nagar will be a top-IT destination in the country. The high cost of living at Bengaluru, Hyderabad and Gurgaon will give it the edge," Badal said, adding that apart from Infosys, 26 other technology companies had been given land-allotment letters for setting up units at IT City.
First Published: Feb 22, 2014 20:44 IST