Infy to invest Rs 100 crore on new facility in WB

Infosys, India's second largest IT services company, will be investing Rs 100 crore on a new software development centre in Kolkata, West Bengal.

Chief Minister of West Bengal Mamata Banerjee laid the foundation stone for the Bengal Silicon Valley Hub in Kolkata, where the project is located.

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 5,25,000 sq feet facility, in which the company is expecting to create employment for 1,000 engineers initially.

The company expects to complete the first phase of the project within 15 months from the date of obtaining all statutory clearances.

“On this special occasion, I would like to thank the Chief Minister of West Bengal Mamata Banerjee, for giving Infosys a unique opportunity to be a part of this prestigious project, and further strengthen our presence across the country,” said, Salil Parekh, Chief Executive Officer and Managing Director of Infosys.

This is the second major announcement by the the IT major regarding its plans in India, within a month's time.

Earlier in July, the company had said that it will be investing Rs 750 crore to set up a facility in Noida.

As part of this project, in the Phase 1, the company is expecting to build a 2.7 million sq feet facility that accommodates 5,000 people.