Infosys inks land lease pact for second campus near Technopark

Thiruvananthapuram: Infosys has signed an agreement with Technopark for leasing 50 acres of land for setting up its second campus here.

The Rs 1,000-crore campus will come up in the notified special economic zone (SEZ) in the up-and-coming Technocity, adjacent to Technopark.

Two Centres
Mr H.R. Binod, senior vice-president, Infosys, and Mr K.G. Girish Babu, chief executive officer, Technopark, signed the agreement here on Wednesday.

The Chief Minister, Mr Oommen Chandy; the Finance Minister, Mr K.M. Mani; the Industries Minister Mr P.K. Kunhalikutty; and Mr Kris Gopalakrishnan, executive co-chairman, Infosys, were present.

Also present were Mr P.H. Kurian, Principal Secretary, IT, Kerala; Mr M. Vasudevan, senior business development manager, and Mr K. V. Rajendran, general manager, Technopark.

Infosys already has two development centres in Technopark Phase-I and Technopark Phase-II, employing about 4,100 professionals.

10,000 More Jobs
It plans to set up more than one million sq. ft. of built-up space in the Technocity campus and employ 10,000 engineers. This will bring substantial revenue to the State exchequer and also enhance the local wealth generation.

The indirect employment created in and around the campus will be another 50,000.

The projected exports from this SEZ campus would be of the order of Rs 1,500 crore over the next five to eight years, the spokesman said.

According to Mr Gopalakrishnan, Infosys has been doing well in Technopark, which is reflective of the changing investment climate of the State.

Fastest Growing
At 30 per cent, the Thiruvananthapuram centre is the fastest growing of Infosys centres across the country, he added.

Infosys currently contributes more than 21 per cent of the total IT exports of the State (Rs 608 crore out of Rs 2,875 crore).

It plans to add another 3,500 engineers at the existing campus and ramp up exports to Rs 800 crore during 2012-13.