labels: it news, infosys technologies
Infosys buys 100 acres of land in Pune Infotech Park Phase II news
12 August 2003
Bangalore: Infosys Technologies (, the leading IT consulting and software services provider, has announced its plans to ramp up operations in Pune.

The company, which already holds 25 acres of land at Pune Infotech Park, Hinjewadi, has acquired 100 acres of land in Phase II of the Infotech Park. Infosys plans to invest approximately Rs 250 crore in the facility over the next few years.

This expansion will enable the Infosys centre to house an additional 5,000 software professionals. The Pune centre currently employs 2,200 people and it generated revenues of Rs 380 crore for the year ending 31 March 2003.

The Development Centre in Pune anchors Infosys' relationships with multimillion-dollar clients from Canada, East Coast of the US, Europe and Asia-Pacific regions.

Infosys was started in Pune in 1981 and later shifted to Bangalore. It re-established its connections with Pune in 1995 and subsequently set up a state-of-the-art facility in the Pune Infotech Park. Infosys has so far invested Rs 126 crore in its facilities in Pune.

Says Infosys chief operating officer Kris Gopalakrishnan: "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. Pune has provided us with both of these and we are happy to expand our operations in this city. The Maharashtra government has been extremely cooperative and progressive in its IT initiatives and this has been an important factor in the growth of Infosys operations here."


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Infosys buys 100 acres of land in Pune Infotech Park Phase II