Infosys to set up two additional facilities in SEZ, to sign MoU on education initiatives in state
Jaipur, December 15, 2006
The Chief Minister of Rajasthan, Smt. Vasundhara Raje, will inaugurate the Jaipur center of Infosys BPO at Sitapura on December 16, 2006. The Rs 20 crore facility has a built-up area of over 68,000 square feet and is capable of accommodating 900 people. It currently houses about 125 BPO professionals who manage business processes for global clients. The facility has been in operation since August 2006.
In addition to the existing Infosys BPO facility, Infosys is planning two significant investments in Jaipur over the next 3-5 years:
"Infosys is excited about partnering with the government to expand its presence in Rajasthan," said Mohandas Pai, Chairman, Infosys BPO and Member of the Board, Infosys Technologies."The Infosys BPO facility at Sitapura demonstrates our commitment to Rajasthan, and the additional investments will enhance that commitment and firmly establish Jaipur as a significant center for Infosys."
"The quality of work delivered out of the Jaipur center is excellent," said Amitabh Chaudhry, CEO and MD, Infosys BPO. "Jaipur is Infosys BPO's first significant expansion in north India and is an attractive location for people from this region who may like to work close to their hometowns. Jaipur enables us to offer our customers an additional delivery location in India in addition to our operations in Bangalore and Pune."
Infosys is also signing an MoU with the Government of Rajasthan to enhance skill sets and exposure of students in engineering colleges, general degree colleges, and engineering students from socially disadvantaged backgrounds through lectures and courses, campus visits, faculty development programs and other initiatives.
Already, Infosys BPO works with universities in Rajasthan through 'Project Genesis', a program to enhance skill-sets in students and make them industry-ready. Since October 2005, Infosys BPO has worked with 229 lecturers in 110 colleges and imparted training to over 4000 students in industry-relevant skills including language, presentation, and analytical skills.
Infosys BPO Ltd (www.infosys.com/bpo), the business process outsourcing subsidiary of Infosys Technologies, was set up in 2002. Today, it is ranked among the leading BPO companies in India by NASSCOM, Dataquest, the International Association of Outsourcing Professionals, Red Herring, and others. Infosys BPO focuses on integrated end-to-end outsourcing and delivers transformational benefits to its clients through reduced costs, ongoing productivity improvements, and process reengineering. Infosys BPO operates in India, the Czech Republic, China, and Philippines (through a partner), and employs about 10,000 people. It closed FY 2005-06 with revenues of $85.5 million (Rs 379 crore).
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 66,000 employees in over 35 offices worldwide. For more information visit www.infosys.com.
Certain statements made in connection with this release are forward-looking statements within the meaning of US Securities laws intended to qualify for the "safe harbor" under the Private Securities Litigation Reform Act. These include statements relating to Infosys BPO's plans to invest Rs. 90-150 crore in and Infosys Technologies' plans to invest Rs. 100-250 crore in Jaipur over the next 3-5 years. These and other forward-looking statements made in connection with this release are subject to risks and uncertainties including those described in our SEC filings available at www.sec.gov including our Annual Report on Form 20-F for the year ended March 31 2006, our quarterly reports on Form 6-K for the quarters ended June 30 and September 30, 2006, and other recent filings, and actual results may differ materially from those projected by forward-looking statements. We may make additional written and oral forward-looking statements but do not undertake and disclaim any obligation to update them.
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