Monday, March 5, 2012
Infosys signs pact with Maharashtra to develop Nagpur facility
Information technology major Infosys has entered into a memorandum of understanding with the Maharashtra Government for developing a 142-acre facility at Nagpur maharastra india with a total investment of about Rs 45o crore. The facility will be located in a Special Economic Zone, which is a part of the mammoth 4,354 hectare Multimodal International Hub Airport at Nagpur (MIHAN) project. The Maharashtra Airport Development Company (MADC) a subsidiary of the State Government is developing the project. The facility will be developed in 3 phases and provide employment to 14,000 people on completion. In the 1st phase, Rs 100 crore will be invested. Big Information technology companies like TCS and Mahindra Satyam already have their campuses at MIHAN. A senior official in MADC told Business Line that the Pune facility of Infosys has been almost been saturated and there is no further scope for expansion, therefore they have chosen MIHAN site. Nagpur will also provide trained manpower to the company as the city has many colleges of higher learning.