The Hindu : Business : Infy's China investment

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Friday, Aug 05, 2005

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Business

Infy's China investment

Special Correspondent

Projects will include software development, IT services and ITeS

BANGALORE: Infosys has planned to invest $65 million in its Chinese subsidiary Infosys Technologies (Shanghai) Company Ltd. in the next five years for setting up software development centres in Shanghai and Hangzhou.

The two centres will have a head count of 6,000 engineers, Infosys said in a release here on Thursday. This was announced after signing letters of intent with Shanghai Zhangjiang (Group) Company Ltd and the Administrative Commission of Hanghzhou Hi-Tech Development Industry Zone-Hangzhou, to set up software development centres in China.

Infosys at present has 250 employees in China. The Shanghai centre, to be built on 25,000 sq metres will get an initial investment of $10 million in the next two years. On the Hangzhou project, Infosys has plans to invest $15 million for a centre on 100,000 sq metres in the next two years.

Infosys Technologies (Shanghai) Company CEO and Managing Director James Lin said, "Infosys follows a strategy of setting up worldclass software development centres in locations where there is rich local talent as well as the required infrastructure. It will also enable us to combine local talent with Infosys' Global Delivery Model to provide our clients with best-in-class services."

He said the new centres will undertake projects in software development, IT services and IT-enabled services and will act as one of the training and research centers of the company.

According to Mr Hong Hangyong, Secretary, CCP of Administrative Commission of Hangzhou Hi-Tech Industry Development Zone, "Infosys Hangzhou campus is the first large investment project by a global software company in the Hangzhou Hi-Tech Zone.''

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