Infosys' 2,500 cr SEZ to get operational by March next year

IT park to come in Sarjapur near Bangalore

PTI | July 23, 2010



Indian IT bellwether Infosys is investing around Rs 2,500 crore to set up its seventh SEZ in Sarjapur near Bangalore, the company CEO said recently.

The SEZ would have around 18,000 seats and will be operational by end-March 2011.

"Infosys has acquired 202 acres of land in Sarjapur, near Bangalore, to build an SEZ. The total investment earmarked for the project is Rs 2,500 crore and work is expected to begin in August-September this year", Infosys' CEO and Managing Director, S Gopalakrishnan told PTI in an e-mail interview.

The project is likely to get operational by March-end 2011 and the facility will generate 18,000 employment opportunities, he added.

This would be the company's seventh SEZ project. It presently has facilities in Jaipur, Chennai, Chandigarh, Pune, Mangalore and Thiruvananthapuram.

The IT major plans to expand its seat capacity in these centres by 25,000 in the current fiscal. On its acquisition plans, Gopalakrishnan said the company was open to inorganic growth in emerging markets.

"We are continuously looking for acquisitions and have certain profiles of what kind of a company we want. If an opportunity arises, we will go for it", he said.

Banking and retail verticals would be the growth-drivers for the company, he added.

Comments

 

Other News

Railways imposed ₹5.13 crore fine for food quality and hygiene violations

Indian Railways serve about 58 crore meals every year on an average. About only 0.0008% food quality related complaints are received on average. Based on complaints during the last three years, appropriate penal actions have been taken by IRCTC. Such actions include imposition of fines amounting to ₹5.13

STHAVAR: Why every Indian built asset needs a permanent digital identity

India has built digital systems for identity, payments, taxation, documents, logistics and public services. State governments, ministries, infrastructure agencies and urban local bodies have also created portals for land records, building permissions, project monitoring, property taxation and municipal s

Saksham Skill census identifies 22,000 job-ready candidates in one Mumbai ward

A first-of-its-kind AI-enabled skill census conducted in Mumbai`s H-West Ward has identified a potential livelihood pipeline of nearly 22,000 candidates, generated over 32,000 provisional job matches while revealing that 71.2 per cent of surveyed homemakers are willing to join the workforce, according to

GI tags: Scaling traditional wealth into global brands

Geographical Indication (GI) tags have emerged as a powerful tool for protecting India`s cultural heritage, while creating economic opportunities for local communities. By linking products to their place of origin, GI tags preserve traditional knowledge, prevent misuse, and enhance consumer trust. They h

BMC: 207 officials in ACB net, 112 still on duty, 68 retire before justice catches up

There are significant delays in the handling of corruption cases involving officials of the Brihanmumbai Municipal Corporation (BMC), a Right to Information (RTI) response obtained by rights activist Jeetendra Ghadge has revealed. As of 30 April 2026, 207 BMC officials face Anti-Corruption Bureau (A

The transformation trap: Why efficiency is not innovation

Every company is transforming, or so it claims.   There was a time when the word ‘transformation’ carried weight. It signified bold strategic shifts, reinvention of business models, and breakthrough technologies that fundamentally changed how organizations created

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter