Infosys, Chandigarh sign MoU to acquire land for expansion

Chandigarh: Infosys Technologies has said it has signed a memorandum of understanding (MoU) with the Union Territory of Chandigarh Administration (UTCA) to buy 20 acres of land at the Chandigarh Information Services Park (CISP).

The land will be used by Infosys to set up a software development centre in Chandigarh. Infosys currently has a 200-people strong development centre in Mohali. The proposed Infosys campus is expected to house 2,400 Infoscions over the next five years, with suitable recreational facilities.

Says Infosys member of the board and chief financial officer Mohandas Pai: “The company set up its first centre in Mohali in March 2001. Infosys has followed a strategy of setting up world-class software development centres in places where there is rich local talent as well as the required infrastructure. Chandigarh has provided us with both of these and we are looking forward to expanding our operations in this beautiful union territory.”

The MoU was signed by UTCA IT secretary Karan Singh in the presence of Lt Gen J F R Jacob (governor of Punjab and administrator, UTCA) and H R Binod (associate vice-president, commercial and facilities, Infosys).

Making the announcement, Jacob said: “We are pleased that Infosys is opening a development centre in Chandigarh. The UTCA is committed to promoting IT in Chandigarh. IT has managed to put India on the global map and companies like Infosys have brought India a lot of respect and pride.

“The UTCA will extend its support to Infosys and other IT companies who would like to open a centre in beautiful Chandigarh. Chandigarh offers its residents an extremely high quality of living and IT companies will find that there is adequate skilled manpower as well as infrastructure required for the successful running of an IT company.”