Infosys Technologies has firmed up plans to invest Rs 306 crore for setting up its first campus in Thiruvananthapuram.
Speaking on the occasion, K Dinesh, co-founder and member of the Infosys board, said the new campus would create 8,000 seats over the next couple of years.
The existing facility at the Technopark campus in Thiruvananthapuram has a capacity of 1,100 seats and has seen an investment of Rs 30 crore, as of March 31, 2007. Infosys has also leased 40,000 sft of space in the Thejaswini Block at Technopark for expansion.
According to Achuthanandan, Infosys Technologies' expansion in the state reaffirms the fact that Kerala is emerging as a key IT destination in the south.
N Radhakrishnan Nair, CEO, Technopark, said: "The initiative marks the take off of Technopark to the trajectory, considering the infrastructure problems and the social tensions in traditional tier-I infotech locations. We will see a number of big league IT and ITeS companies expanding to Technopark and Kerala to benefit from the manpower resources."
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