Press Trust of India Posted online: Saturday, October 22, 2005 at 1347 hours IST
Bangalore, October 22: Infosys Technologies Ltd plans to set up a software development centre in Karnataka, which will generate employment for 25,000 people and also establish residential facilities and essential amenities such as schools and hospital at a total investment of Rs 1,500 crore in the first phase.
The NASDAQ-listed software major has requested the Karnataka Industrial Area Development Board for 845 acres of land, sought by the firm, after securing zoning requirements from the Government and complying with the law.
The land has been sought as two different plots. On one plot of land, a software development centre will be set up, which will generate employment for 25,000 people. The second plot is being sought, a short distance away, to provide residential facilities for the company's employees and to set up essential amenities like school and hospital.
"This will provide Infoscions with a better quality of life and avoid long commutes," Infosys said.
Infosys also planned to invest Rs 300 crore, to create 6,000 seats in the first phase at Information Technology Special Economic Zone in Mangalore, where the company has been allotted 311 acres.
Infosys' plans were outlined in a press statement, which sought to respond point-by-point to some of the issues raised by former Prime Minister HD Deve Gowda on land allotment to the company.
Infosys Chairman and Chief Mentor NR Narayana Murthy resigned from Chairmanship of Bangalore International Airport Limited on Thursday protesting the remarks of Gowda questioning his contribution in the progress of BIAL and Chief Minister Dharam Singh's failure to come to his defence.
