The Hindu : Front Page : Infosys to set up its largest campus in Hyderabad

Online edition of India's National Newspaper
Tuesday, Mar 28, 2006

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Infosys to set up its largest campus in Hyderabad

Special Correspondent

MoU signed in the presence of Chief Minister

HYDERABAD: Hectic efforts by the State Government seemed to have paid off with the IT major Infosys Technologies deciding to set up its largest yet campus spread over 550 acres at Mamidipally near the international airport coming up at Shamshabad.

The IT major plans to invest Rs. 1,250 crores on building about three lakh square feet campus with an intake capacity of 25,000 employees. The present campus of Infosys at Gachibowli already employs about 5,000 people involving an investment of Rs. 275 crores and the company plans to scale it up by investing Rs. 225 crores by the December-end this year to achieve a capacity of Rs. 2,000-crore exports against the Rs. 800 crores at present. The first phase of the new campus would be developed on a 150-acre plot with an investment of Rs. 450 crores and Rs. 400 crores each in the subsequent two phases. The State Government has inked a Memorandum of Understanding with Infosys Technologies in the presence of Chief Minister Y.S. Rajasekhara Reddy Infosys Chairman and chief mentor N.R. Narayana Murthy here on Monday.

Land identified

As part of MoU, the State Government has said that the proposed land for the first phase had already been identified while the process for the remaining chunk would be completed in near future. "We have the entire amount with us. It is only a matter of searching the appropriate talent," Infosys chief financial officer T.V. Mohandas Pai said.

Speaking at a meeting convened on the occasion, he wanted the State Government to develop the area surrounding the new campus as a notified area. The new IT city should accommodate 2, 00,000 people who live and work there and the Government should design its plans for an investment of Rs. 20,000 crores in the area which could achieve the capability of achieving US $ 5 billion (about Rs. 25,000 crores) exports. A special planning authority to manage the area should be constituted to ensure its effective functioning.

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