Infosys, Wipro to set up more centers in Karnataka
At the Global Investors Meet (GIM) held recently in Banglore, IT biggies Infosys and Wipro have signed a memorandum of understanding (MoU) with the Karnataka government to set up more development centres in the state. While Infosys signed a Rs. 2,950 crore MoU to set a software development centre in Sarjapur Road in Bangalore, Wipro signed a similar MoU of Rs 537 crore to set up a software export hub in its Sarjapur facility in Bangalore.
Addressing the GIM in Bangalore, Kris Gopalakrishnan, CEO, Infosys said, "Time is right for investment as India expects a GDP of 8-9 percent. IT is also poised for a growth rate of 13-15 percent during this fiscal giving significant boost to employment. Karnataka is the knowledge hub and the IT exports from Karnataka are to a tune of 35 percent and employees close to 650,000 employees in the state. We will continue to grow from this region."
Infosys is reported to have acquired about 365 acres of land at Sarjapur and around 40 acres of land at Devanahalli for another centre to come up later. In fact, its Mysore campus is currently the largest facility and the Sarjapur campus would be second largest.
Infosys is expected to hire 18,000 employees for its new centre coming up at Sarjapur. The MoU as signed by Mohandas Pai, member of the board, Infosys on behalf of Infosys.Likewise, Wipro is to set up a software export hub in its existing Sarjapur facility in Bangalore.
Azim Premji, chairman of Wipro Ltd said IT growth is poised for a decent growth rate of about 15 percent and our Bangalore center has around 40,000 employees and will go up to additional 50,000 with the expansion in the state.
Premji asked the Karnataka government to go aggressively for manufacturing companies. He said Tamil Nadu has gained a major share by getting companies like Dell, Nokia, Bosch to set up manufacturing bases in the state. Now all these companies have been meeting the global manufacturing standards. So Karnataka should not only focus on services companies bit also diversify into manufacturing sector.
Kumar Mangalam Birla, chairman of Aditya Birla Group also announced that his company would invest around Rs 8,000 crore in the state.
- Xerox Is Securing The Future Of Work
- PVR Cinemas Moves To Cloud For HR Transformation
- How DTDC Uses Cloud To Offer 50pc Faster Resolution Of Service Cases
- Global Digital Signature Market To See Huge Leap: Study
- Four Reasons For Indian Enterprises To Move To SIP
- What Digital Transformation Means To Global Businesses
- Artificial Intelligence In Cybersecurity: A Paradigm Shift
- Digital Disruption Boosts Business Growth, Revenue: Study
- CIO Klub Plans Global Expansion: Umesh Mehta
- Cio Club Plans Global Expansion : Umesh Mehta