Infosys Technologies Ltd. (Infosys) laid the foundation stone for its new campus at Zizhu Science and Technology Park in Shanghai, China. Infosys plans to invest between US$125 million and US$150 million in the new campus, one of the largest investments in China by a software company. N. R. Narayana Murthy, Chief Mentor & Chairman of the Board, Infosys; T. V. Mohandas Pai, Member of the Board, Infosys; Dr. S. Jaishankar, Ambassador of India to China; and Rangarajan Vellamore, Chief Executive Officer, Infosys Technologies (China) Co., Ltd., were present at the ceremony.
The new Shanghai campus will be spread over 15 acres and developed over a period of three years. With an overall seating capacity for 8,000 employees, the campus will have state-of-the-art facilities for software development, labs, data centres, training facilities, food courts, a 1,500-seater auditorium, gym, and other recreational facilities. The Shanghai campus will be the largest overseas software development centre of Infosys adhering to the highest environmental standards.
Speaking at the ceremony, N. R. Narayana Murthy, said, "I would like to thank the Shanghai Municipal Government and the Chinese Government for their support in starting this project. As the second-largest economy in the world, China will lead the world in economic growth in the future and we see exciting times ahead. This large investment is a testimony to Infosys commitment to China. As a global company with a presence in over 75 countries, we will use our enhanced capacity here to deliver high-quality consulting and software services to the global markets as well as to our clients in China."
Rangarajan Vellamore, CEO, Infosys Technologies (China) Co., Ltd., said, "We have been in China for the past seven years and have created a high-quality capability to address the global and local markets. We have invested heavily in technology, training and people to derive a strategic advantage in our capabilities. With this large investment and enhanced capability, we will aim to lead service capability out of China to the global and local markets for business transformation and operations. When this campus is completed, we expect to have over 10,000 employees in Shanghai alone."
Infosys China was incorporated in 2004 and had revenues of over US$78 million in fiscal year 2011. The company has invested in world-class development centres in Shanghai Pudong Zhangjiang HiTech Park, Hangzhou Binjiang HiTech Park, Beijing China Oversea Plaza, a sales office in Hong Kong and a global education centre in Jiaxing Science city. Infosys China employs over 3,300 people in China and has already invested US$23 million in capital and has office space for 4,200 people in China.
