GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Infosys to Invest Rs 100 Crore in Software Development Centre in Kolkata, Create 1,000 Jobs

The first phase of construction on the 525,000-square feet facility will be able to accommodate 1,000 employees, the country's second-biggest software services exporter said.

Reuters

Updated:August 13, 2018, 9:38 PM IST
facebookTwittergoogleskypewhatsapp
Infosys to Invest Rs 100 Crore in Software Development Centre in Kolkata, Create 1,000 Jobs
(Image Credits: Reuters)
Loading...
New Delhi: India's second largest software services firm Infosys on Monday said it will set up a new software development centre in Kolkata with an investment of Rs 100 crore.

The centre is expected to provide employment to about 1,000 engineers.

"As part of this project, spread over 50 acres, Infosys will invest approximately Rs 100 crore in the first phase of construction to build a 525,000 sq ft facility, in which the company will create employment for 1,000 engineers initially," Infosys said in a filing.

The first phase of the project will be completed within 15 months from the date of obtaining all statutory clearances, it added.

The centre's foundation stone was laid by West Bengal Chief Minister Mamata Banerjee at the Bengal Silicon Valley Hub in Kolkata, where the project is located.

Infosys CEO and Managing Director Salil Parekh commended the chief minister for giving the company a unique opportunity to be a part of the Bengal Silicon Valley Hub project, and further strengthen its presence across the country.

Last month, Infosys had said it will invest about Rs 750 crore in the first phase of its upcoming facility in Noida, Uttar Pradesh to build a 2.7 million sq ft facility that can accommodate a total staff strength of 5,000.

The UP government has allocated 27.5 acres of land in Noida to the company for the project.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Jet Airways 346.50 7.98
Yes Bank 191.00 -7.21
Reliance 1,127.40 2.79
ICICI Bank 367.55 -0.66
Indiabulls Hsg 766.20 -4.80
Company Price Change %Gain
Jet Airways 346.85 8.07
Mindtree 838.20 -0.05
Yes Bank 191.30 -7.14
HDFC 1,887.55 1.91
Info Edge 1,370.00 -0.48
Top Gainers
Company Price Change %Gain
Bharti Airtel 332.75 9.31
HCL Tech 1,022.20 3.38
Eicher Motors 24,735.00 3.30
Grasim 831.90 2.87
Reliance 1,127.40 2.79
Company Price Change %Gain
Bharti Airtel 333.60 9.81
Reliance 1,127.50 2.79
HDFC 1,887.55 1.91
SBI 290.30 1.75
Hero Motocorp 2,954.55 1.28
Top Losers
Company Price Change %Gain
Yes Bank 191.00 -7.21
Indiabulls Hsg 766.20 -4.80
JSW Steel 335.10 -2.76
Tata Steel 574.10 -2.59
IOC 143.35 -2.25
Company Price Change %Gain
Yes Bank 191.30 -7.14
Tata Steel 574.10 -2.47
Maruti Suzuki 7,332.05 -2.02
ONGC 156.55 -1.48
Axis Bank 618.30 -1.17

Live TV

Loading...
Loading...