Friday, January 13, 2006
No more new Infy units in Bangalore
It's beyond Bangalore for Infosys in future. Call it the effect of the Deve Gowda-Narayana Murthy spat or the company’s strategy to reduce its costs, Infosys has made it official that its expansion will certainly be outside of Bangalore. We’ve no space in Bangalore. Bangalore is a very attractive destination to hire people but we don’t have space to add,’’ said T V Mohandas Pai, CFO, Infosys Technologies. The company which holds over Rs 1,600 crore in cash has not been able to strike a land deal for over four years in the city. It is not just the lack of land which is forcing Infy to look at other cities like Chennai and Pune. The company believes that with travel time increasing in Bangalore, it makes sense for it to look at cities which offer better infrastructure. The company has already announced it would have an employee strength of over 50,000 in the near future but its fresh additions would be outside Bangalore. We will build capacity where we can quickly scale up, where there is infrastructure.
