Infosys to invest Rs 2500 crore in Hyderabad facility, will add 20,000 employees
India’s second-largest IT services major, Infosys to invest Rs 2,500 crore in Telangana for expanding its facility in Pocharam, with the potential to add nearly 20,000 more employees.
Currently, Pocharam facility provides direct employment to around 22,430 people. That will reach around 24,500 after the expansion.
Under the chief ministership of Dr. Y.S. Rajasekhara Reddy, Infosys was sanctioned 447 acres of land in Pocharam in 2007 to set up an IT park. Till now the company has utilised only 95 acres, after nearly 15 years of the allotment of land. Another 352 acres is lying vacant. According to media reports, Telangana government wants to take back unutilised land from Infosys.
But now the company has proposed to construct more software development blocks, food courts, an auditorium, a common amenities building, and a multilevel car parking in 329.84 acres. Once it receives the green nod, Infosys aims at completing phase-1 in three years, after which it will take up phase-2 at a later date based on market demand.
Infosys founder Chairman NR Narayana Murthy said that they were planning to build the World’s largest Campus for Infosys in Hyderabad at the Pocharam location.
With the expansion, the total built-up area of Infosys in Hyderabad will increase by 3.84 lakh sqm to 7.74 lakh sqm. Currently, Infosys has six highrises in its Pocharam facility dedicated to software development.
