Infosys to invest up to $150 million in new campus in Shanghai
21 May 2011
Infosys Technologies Ltd is setting up a new campus at Zizhu Science and Technology Park in Shanghai, China, with planned investments of $125-150 million, one of its largest investments in China so far.
The new campus, spread over 15 acres, will be developed over a period of 3 years. The centre, with overall seating capacity for 8,000 employees, will have state-of-the-art facilities for software development, labs, data centres, training facilities, food courts, a 1,500-seater auditorium, gym, and other recreational facilities.
The Shanghai campus will be the largest overseas software development centre of Infosys adhering to the highest environmental standards.
"I would like to thank the Shanghai Municipal Government and the Chinese government for their support in starting this project. As the second largest economy in the world, China will lead the world in economic growth in the future and we see exciting times ahead. This large investment is a testimony to Infosys' commitment to China. As a global company with a presence in over 75 countries, we will use our enhanced capacity here to deliver high quality consulting and software services to the global markets as well as to our clients in China," N R Narayana Murthy, chief mentor and chairman of the board, Infosys, said.
"We have been in China for the past 7 years and have created a high quality capability to address the global and local markets. We have invested heavily in technology, training and people to derive a strategic advantage in our capabilities. With this large investment and enhanced capability we will aim to lead service capability out of China to the global and local markets for business transformation and operations. When this campus is completed, we expect to have over 10,000 employees in Shanghai alone," said Rangarajan Vellamore, CEO, Infosys Technologies (China) Co Ltd.
Incorporated in 2004, Infosys China had revenues of over $78 million in the 2011 financial year. The company has centres in Shanghai Pudong Zhangjiang HiTech Park, Hangzhou Binjiang HiTech Park, Beijing China Overseas Plaza besides a sales office in Hong Kong and a global education center in Jiaxing Science city.
Infosys China employs over 3,300 people in China and has already invested $23 million in capital and has office space for 4,200 people in China.
