Infosys to invest Rs800 crore in expansion by March

Infosys to invest Rs800 crore in expansion by March

Kolkata: IT major Infosys Technologies Ltd on 29 November said that it would invest Rs800 crore more during the current fiscal.

“Total investment during the current year would be Rs1,600 crore and during the last two quarters Rs800 crore had already been pumped in," Infosys member of the board, T V Mohandas Pai said.

Pai said that the company was building the country’s largest educational complex at Mysore with an investment of Rs1,500 crore and it was likely to be completed by March.

The company is expanding its centres it operates and Pune will become larger than the Bangalore centre.

“By June, Pune workforce capacity would be about 24,000 whereas Bangalore strength is 23,000 people," Pai said.

During the current fiscal, Infosys aims to add 30,000 headcount. In the last year it added 31,000, the company said.

Currently, Infosys operates from 10 locations in the country and Jaipur is the latest new centre which will come up in the near future.

“The Rajasthan government has given 200 acres of land in a SEZ and we will start our operations there," Pai said.

Commenting on inorganic growth, Pai said the company is looking at new verticals (sectors) and countries we are not present and looking at small companies, without detailing further.

“For example it could be in oil and gas and pharma. In countries it could be Germany," he said.