Efforts on to complete campuses: Infosys

IT services giant Infosys said on Saturday that it is expediting work on its new campuses in Indore, Mohali, Nagpur and Noida.

Interacting at with the shareholders at the annual general meeting of the company in Bangalore, CEO S D Shibulal said that efforts are underway to complete these projects at the earliest.

The Mohali campus is spread over 50 acres  with built-up area of 6.5 lakh square feet in the first phase and will create jobs for 5,000 people.

Besides campuses in Gurgaon and Jaipur, Infosys will open new campuses in Noida and Indore to expand its reach in North India.

The foundation stone for the Nagpur facility near MIHAN (Multi Modal International Cargo Hub and Airport) is already laid. Infosys Executive Chairman N R Narayana Murthy has earlier declared that these campuses are part of the company’s future expansion plan.

“We do have a lot of our employees coming from northern parts of the country and so many of them have expressed their desire to be near their parents and home-towns. We always believed as a company in keeping our employees as happy as we can. Therefore, we decided to expand,” Murthy said at a function recently.

On the sidelines of the AGM, Murthy hoped that the new government would make doing business in India more easier and expand exports.

On the appointment of an outsider as new CEO, he said Infosys was founded taking into account globalisation and the virtual world. “Having a person close to the United States and European Union markets will help the company immensely. Sixty per cent of our revenues comes from the US and 22 per cent from the EU,” he said.

Commenting on the defamation case filed by the company against some media houses last week, he said Infosys has always wanted good relations with the media fraternity.

“We have nothing but good relations with media. This case refers to rumours and speculations that are not in the best interest of the company. After due deliberations we thought we should seek justice for it,” he said.

Shareholders at the AGM wanted information on how the company would use its expanding cash resources, Infosys officials did not provide comment.