Indian IT sector giant, Infosys Limited has acquired a piece of land for setting up a second campus in the southern city of Thiruvananthapuram in Kerala.
Infosys Senior Vice President HR Binod signed an agreement with Technopark for 50 acres of land for setting up the campus in Technocity near the city. Technopark Chief Executive Officer KG Girish Babu closed the deal with Mr. Binod in the presence of Chief Minister Oommen Chandy.
The company already operates two development centres in Technopark Phase-I and Technopark Phase-II and employs about 4100 people. The company entered the state in January 2004 at Technopark and now has its own campus that is a part of Technopark Phase II Special Economic Zone (SEZ).
The company will build more than 1 million square feet of built-up space and will create employment for 10000 engineers in the Technocity campus. According to estimates, the export from would be around SEZ campus would be of the order of Rs. 1500 crores over the next 5 to 8 years.
Kris Gopalakrishnan, Executive co-chairman of Infosys pointed out that the investment climate in the state has changed and there has been no labor unrest at the company’s unit in the state. "The Thiruvananthapuram centre is the fastest growing centre of Infosys across the country at 30 per cent annually," said Mr Gopalakrishnan.