March 5, 2012

Infosys to set up Rs 100-cr Unit in Nagpur

India's leading IT major Infosys will set up a software development centre in Maharashtra's Nagpur with an investment of Rs 100 crore as a MoU has been signed on Sunday.

The MoU was signed between the Maharashtra Airport Development Company (MADC) Vice-Chairman and Managing Director UPS Madan and Shibulal, the Managinf Director of Infosys, in the presence of Chief Minister Prithviraj Chavan. This suggested that the city will be the second destination in the state for the software engineers after Pune.

As per the MoU, the software firm will be allocated 142 acres of land for the centre at Mihan. Infosys will start operations within three years at the centre and will create 2000 jobs over five years.

The company will invest a total of Rs 415 crore and create jobs for 14000 IT engineers over 10 years when the centre will be fully developed.

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