Log in to your IBTimes Account

close
ID
Password

Infosys not planning to exit West Bengal for now despite setback in land acquisition



By Staff Reporter
16 September 2009 @ 3:35 pm IST

Bangalore - A week after West Bengal government dashed the state's dream of becoming a IT hub by scrapping its ambitious plan for a Rs.10,000 crore IT township where top software giants like Wipro and Infosys Technologies were supposed to set up their units, Infosys said its plans remained unchanged.


An engineer works in the control room at Infosys Technologies campus at Electronics City in Bangalore in this January 20, 2003 file photo
An engineer works in the control room at Infosys Technologies campus at Electronics City in Bangalore in this January 20, 2003 file photo. A week after West Bengal government dashed the state's dream of becoming a IT hub by scrapping its ambitious plan for a Rs.10,000 crore IT township where top software giants like Wipro and Infosys Technologies were supposed to set up their units, Infosys said its plans remained unchanged. (Reuters Photo)
1 of 1

advertisement

According to S. Gopalakrishnan, CEO, Infosys, though West Bengal's IT project "has run into trouble," it has no plans of moving out from the state.

The "company is not moving its West Bengal project at this point and also not planning to set up new facilities," Gopalakrishnan said.

However, Infosys would not be considering setting up its unit in the state even if the government gives it the necessary land. "We have decided to go slow on new projects and will focus only on expanding our existing facilities," Gopalakrishnan said.

Currently around 3.5 million sq.ft. of infrastructure is being developed in the existing facilities like Chennai, Hyderabad, Bangalore, Pune and in others, he said. "Capex for this year would be Rs.600 crore," he added.

Earlier, Infosys CFO Mohandas Pai had said that chances that "we would consider something in West Bengal in the foreseeable future are very dim."

This article is copyrighted by Ibtimes.co.in.

    Click!
  • Rate this article:

Comments

Post Your Comment

You must be an IBTimes member to post a comment. Login | Register


advertisement
More Companies News
Daimler will book a first-quarter gain of 265 million euros ($360.5 million) from selling its stake in Tata Motors, helping the German carmaker offset an...
The government is betting that a deep discount for this week's $2.6 billion share sale in NMDC, India's largest iron ore miner, revives interest in a div...
Japan's Honda will invest 4.7 billion rupees ($103 million) to build a second production plant in India, with an annual capacity of 600,000 units, to mee...

advertisement
 
IBTimes.co.in Web
 
International Business Times© 2010 The Ibtimes Company. All Rights Reserved. Partners