Initial investment of Rs 10 crore
Bangalore, July 27, 2004
Infosys Technologies (Nasdaq: INFY) today announced the launch of Campus Connect, an industry – academia partnership initiative. The program aims to deepen the industry - academia relationship, and create a strong foundation for the emerging knowledge economy in India. The nation - wide program focuses on aligning the needs of engineering colleges, the faculty and students with the needs of the industry, thus preparing “industry – ready” professionals. Infosys will invest about Rs 10 crore in this program.
Commenting on this initiative, Mr. N R. Narayana Murthy, Chairman of the Board and Chief Mentor, Infosys Technologies Limited said, “We recognize that bright engineering talent is the cornerstone for the future of the IT industry in India. We turn to the educators to help us get this pool of youngsters. Unless we develop a pool of highly skilled talent with global aspirations, India could lose its edge in this highly competitive game. This initiative aims to help institutions grow in quality of output with respect to technical and software skills. Campus Connect is a program designed to address the needs of educational institutes, so as to produce “industry ready” recruits. ”
The first set of initiatives within the Campus Connect umbrella is already underway. The Faculty Enablement Program shares Infosys’ educational experiences and best practices with faculty from various engineering colleges. The Faculty Enablement Program, kick - started in Mysore and Pune in July 2004. Approximately 40 faculty members from 19 institutes participated in the fortnight long session covering areas like computer hardware and system software, programming fundamentals and management systems, among others. A roll out of this will follow across all other Infosys Development Centers.
Some of the Campus Connect initiatives are:
As a part of the Campus Connect initiative, Infosys has also hosted a Campus Connect portal to enable students and faculty to access technology related information and courseware that is relevant to the IT industry. Eight courses from the Infosys Foundation Program has already been hosted on the website. There are online tests and dummy project material to help students assess their current capability levels.
Reaffirming Infosys commitment to this initiative, Dr Ravindra M P, Vice President and Head of Education and Research at Infosys and Program Champion of Campus Connect said, “Through an effective partnership with academia, we believe that we can help our students gain an edge over their global counterparts and significantly enhance the quality of IT education in the country. The long - term effect will be a better education system and a nation to be envied for its intellectual capability and competitiveness. We are committed to achieving the benefits this initiative has to offer. ”
Campus Connect today, has the commitment of approximately 30 institutions across the country. More institutions are expected to join the partnership in the coming days.
“This is the first time that we are participating in a well thought out and structured program like Campus Connect. This is an initiative that will be highly beneficial to the faculty, students as well as the Industry. We are extremely confident that with assistance from Infosys, this initiative will raise the bar of IT education in the country,” said Prof D Jawahar, Director, PES Institute of Technology, Bangalore.
Infosys (NASDAQ: INFY) defines, designs and delivers IT-enabled business solutions that help Global 2000 companies win in a Flat World. These solutions focus on providing strategic differentiation and operational superiority to clients. With Infosys, clients are assured of a transparent business partner, world-class processes, speed of execution and the power to stretch their IT budget by leveraging the Global Delivery Model that Infosys pioneered. Infosys has over 1,00,000 employees in over 50 offices worldwide. Infosys is part of the NASDAQ-100 Index and The Global Dow. For more information, visit www.infosys.com
Certain statements in this release related to the Offering constitute forward - looking statements. This Offering is subject to shareholder approval, which may not be obtained. Although the Offering is expected to be made to our equity holders in India, we may be required to exclude certain equity holders outside India to comply with U. S. rules and regulations. Our business is subject to a number of risks and uncertainties that could affect our future operating results including those described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20 - F for the fiscal year ended March 31, 2004 and on Form 6 - K for the quarter ended June 30, 2004 and September 30, 2004. These filings are available at www.sec.gov. Infosys may, from time to time, make additional written and oral forward - looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. The company does not undertake to update any forward - looking statements that may be made from time to time by or on behalf of the company.
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