Bangalore, India, September 14, 2005
Infosys Technologies Limited (NASDAQ: INFY) today announced that it would train 100 students from China at Infosys' Global Education Center as a part of the Memorandum on Understanding (MoU) between Infosys and Government of China.
Commenting on the initiative, an official from Ministry of Education of the Peoples Republic of China said, "We see science and technology as a key area of collaboration with India and look forward to working with Infosys. We will continuously encourage and support this program in order to strengthen the collaboration between the two entities."
The internship program will run from September 2005 to March 2006. China Scholarship Council together with Infosys has selected 100 undergraduate students in their fourth year from leading universities in the software engineering field. The program involves a three-month intensive training course on interpersonal and technical skills at the Global Education Center at Mysore, and a four-month internship at Infosys' development center in Bangalore. The training will be conducted by the Education & Research Department at Infosys, in association with the Infosys Leadership Institute.
Speaking on the occasion, Mr. James Lin, Chief Executive Officer - Infosys Technologies (Shanghai) Co. Limited (ITSCo) said, "We believe that a truly global company has a global view of not only markets, but people and culture. Through this initiative, along with our investments in China, we hope to provide Chinese software professionals with an opportunity to train on cutting edge technologies."
The training program concludes with students submitting a project report, a case study and taking a comprehensive examination.
Infosys Technologies (Shanghai) Company Ltd (ITSCo), is the China subsidiary company of Infosys Technologies Ltd, a global provider of consulting and information technology services. ITSCo offers end-to-end software services to domestic as well as multinational companies in China. ITSCo is a wholly owned subsidiary of Infosys and its head office is located in Shanghai.
Infosys (NASDAQ:INFY) defines, designs and delivers IT enabled business solutions. These provide our clients with strategic differentiation and operational superiority, thereby increasing their competitiveness. Each solution is delivered with the industry-benchmark Infosys Predictability that gives our clients peace of mind. With Infosys, they are assured of a transparent business partner, business-IT alignment with flexibility, 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 39,000 employees in over 30 offices worldwide. For more information, visit www.infosys.com
Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully 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, 2005 and our reports on Form 6-K. 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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