Infosys to Invest Rs 300 cr in Orissa Project

by CXOtoday Staff    Dec 30, 2009

IT major Infosys Technologies will invest Rs 300 crore in a second project in Orissa.

According to official sources, Infosys Human Resource Director TV Mohandas Pai met Chief Minister Naveen Patnaik yesterday to discuss its investment plans.

The state government has agreed to provide required water and power to the second project, work on which is expected to start soon.

Currently, Infosys exports software products worth Rs 850 crore per annum from its existing project in the state.

The second project would come up at the IT valley between the state capital and Khurda Town and will employ about 5,000 workers.