Financial Daily from THE HINDU group of publications
Wednesday, Mar 29, 2006
Info-Tech - Software
Expansion is an ongoing process at Infosys, says Murthy
MR N.R.NARAYANA MURTHY
Hyderabad , March 28
For Infosys Technologies Ltd, expansion is an ongoing process. It is no longer an issue whether this is in Hyderabad, Bangalore, Chennai or Pune;this could even be Shanghai or San Francisco, or simultaneously in all of these centres, depending upon what the business demands.
The Chairman and Chief Mentor, Mr N.R. Narayana Murthy, said, "for a dynamic organisation like Infosys, we are constantly evaluating options for expansion. While we have initiated work in Hyderabad now, we would pursue expansion in Bangalore and other cities simultaneously."
He told newspersons here after the MoU signing ceremony on Monday, "we have recently received intimation about the allotment of land from the Karnataka Government and plan to pursue this with the concerned authorities." Asked if he had made up with the Karnataka Government, Mr Murthy said: "I have nothing to make up. Any Government has to respect the wishes of the people. Infrastructure is an important aspect they need to address. ."
On the possibility of cost arbitrage taking away India advantage, Mr Murthy said: "the only way to address this is to bring about innovation in whatever we offer. As a part of this initiative, the company has initiated a pilot programme that seeks to groom leaders and to be innovative. What has been started in Mysore will possibly be replicated in other . This is being personally monitored."
As a part of the Government efforts to attract more technology companies, Infosys suggested to the State to notify an area as a part of the overall State planning process as IT City. Such an area will have the capability to host about 2-lakh people and the Government should target investments of about Rs 20,000 crore.
Besides, the Government should also constitute an exclusive planning authority to oversee the development of the notified area.
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