Indian software major, Infosys Technologies reveals its plans to set up a new development centre in Kolkata at an investment of Rs 500 crore.

The venture is expected to create more than 5,000 jobs over a period of time.

"We are very excited to announce our intention to set up a presence in Kolkata. We are impressed with the efforts of the state government in attracting such investments. With its bright talent pool, West Bengal is poised to become an important IT destination, said S Gopalakrishnan, CEO, Infosys Technologies.    

Infosys last week said it would add 25,000 employees in the current financial year that began on April 1.