Narayana Murthy's Infosys expands its campus in THIS city, to create 17000 new...

Amid the 70-hour work week debate, Narayana Murthy's Infosys Ltd is set to expand its IT campus at Pocharam in Hyderabad which will create an additional 17,000 jobs. Infosys and the Telangana government have agreed to further strengthen their strategic partnership in this regard.

India's second-largest IT services firm, Infosys has a market cap of Rs 7.72 lakh crore, as of January 23. An official release from the government on Thursday said the announcement was made at the World Economic Forum (WEF) in Davos following the meeting of Infosys CFO Jayesh Sanghrajka with the IT and Industries Minister of Telangana D Sridhar Babu.

"The expansion plans will create additional 17,000 jobs in the Pocharam Campus where Infosys already employs over 35,000 jobs making it one of their largest in the country. Construction of new IT buildings in phase 1 with investment of Rs 750 crores will be completed in the next 2-3 years that will accommodate 10,000 people,” it said.

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The collaboration highlights Telangana's proactive approach to supporting industry leaders and encouraging sustainable growth in the technology sector. “Our partnership with the Government of Telangana reflects our shared vision of driving innovation, empowering communities, and strengthening the IT landscape,” said Jayesh Sanghrajka. Sridhar Babu said the state government remains dedicated to nurturing talent, creating opportunities, and fostering strategic alliances to propel the state's economy forward.

(With inputs from PTI)