Nagpur is all set to become a place from where Infosys will develop software for its clients. This would be the second city to be captured by Infosys in Maharashtra after Pune.
Infosys is planning to set up a software development center at Pune with an initial development cost of Rs 100 crore. Infosys is the second largest Indian IT company in terms of revenue. The top spot in terms of revenue is taken up by TCS. Infosys also signed a Memorandum of Understanding (MoU) with respect to develop a development center in Nagpur with the Maharashtra Airport Development Company (MADC). This MoU was signed in the presence of Mr. Prithviraj Chavan, Chief Minister of Maharashtra. This MoU was signed by U P S Madan, MADC Vice Chairman and Managing Director and Mr. Shibulal, who is currently the Managing Director of Infosys.
Infosys has been allocated a total area of 142 acres at Mihan for the development center to be build.
The IT company would start operations from it’s Nagpur center within three years. Initially, around 2,000 software engineers would be given projects from Nagpur center and consequently the number would increase as the projects and total number of employees of Nagpur center increases.
The total amount of investment that Infosys is planning to lay out for this Nagpur center is somewhere around Rs 415 crore. With this much of investment, it would create jobs for around 14,000 IT engineers alone in the Nagpur center. Infosys Nagpur development center is the 12th center of Infosys to be opened up in India.
As of December 2011, Infosys has around 64 offices and 68 development centers in India and abroad combined. The total employee strength of Infosys was 1,45,088 as of December 31, 2011. With the rapid growth of IT companies in India, IT companies are bound to open development centers in tier II cities which are equipped with the infrastructural development needed to operate these centers of such companies.
Let us see when these IT companies plan to open development centers in Tier III cities in India.