Infosys Technologies Ltd, the technology bellweather, will be setting up a second campus in Hyderabad, spread over 550 acres of land. Infosys’ first campus is in the Gachibowli area of Hyderabad, a district which is also home to Microsoft Corporation, which has its India Development Centre, and Wipro Ltd, which is building its own campus.
The Andhra Pradesh government has decided to allocate the 550 acres of land to Infosys at Mammidipalli village close to the international airport, government sources told this newspaper on Sunday. Infosys chairman and chief mentor N.R. Narayana Murthy will be signing the memorandum of understanding with the government on Monday for setting up the new campus.
The land will be sold to Infosys at the rate of Rs 12 lakhs per acre, the sources said. Asked why the land was being given away for such a low rate, when the market rate was far higher because of the presence of the international airport, the sources said, "We wanted Infosys to set up the campus in Mammidipalli, and as we were competing with Tamil Nadu and Karnataka, we decided to match the offers made by our neighbouring states."
Infosys will be setting up a software development and IT-enabled services centre at the new campus. Asked how many jobs Infosys had committed to create at the new campus, the sources said, "Infosys has indicated that eventually the campus will have more than 25,000 employees." Infosys and its subsidiaries had 49,422 employees as of December 31, 2005.
The sources said Infosys’ current campus, set in 50 lush green acres, had filled to overcapacity. "They have over 5,000 employees at the campus, and were looking to expand, and we wanted Infosys to expand its operations in Hyderabad," the sources said.
Meanwhile, Wipro Ltd has also been allotted 100 acres of land near Gopannapally for a campus, and work on its construction is expected to begin soon, the sources said, citing a recent interaction with Dr A. Lakshman Rao, chief operating officer of the company.
The Andhra Pradesh government has decided to allocate the 550 acres of land to Infosys at Mammidipalli village close to the international airport, government sources told this newspaper on Sunday. Infosys chairman and chief mentor N.R. Narayana Murthy will be signing the memorandum of understanding with the government on Monday for setting up the new campus.
The land will be sold to Infosys at the rate of Rs 12 lakhs per acre, the sources said. Asked why the land was being given away for such a low rate, when the market rate was far higher because of the presence of the international airport, the sources said, "We wanted Infosys to set up the campus in Mammidipalli, and as we were competing with Tamil Nadu and Karnataka, we decided to match the offers made by our neighbouring states."
Infosys will be setting up a software development and IT-enabled services centre at the new campus. Asked how many jobs Infosys had committed to create at the new campus, the sources said, "Infosys has indicated that eventually the campus will have more than 25,000 employees." Infosys and its subsidiaries had 49,422 employees as of December 31, 2005.
The sources said Infosys’ current campus, set in 50 lush green acres, had filled to overcapacity. "They have over 5,000 employees at the campus, and were looking to expand, and we wanted Infosys to expand its operations in Hyderabad," the sources said.
Meanwhile, Wipro Ltd has also been allotted 100 acres of land near Gopannapally for a campus, and work on its construction is expected to begin soon, the sources said, citing a recent interaction with Dr A. Lakshman Rao, chief operating officer of the company.