Honorable Prime Minister Shri Narendra Modi felicitates Infosys’ upcoming project in Noida; Company to invest INR 750 crores in Phase-1
NOIDA, UTTAR PRADESH – July 29, 2018
Infosys (NYSE: INFY), (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced the expansion of its presence in Noida, Uttar Pradesh with the commencement of work on its new software development center. The honorable Prime Minister Shri Narendra Modi, felicitated Infosys’ upcoming facility, as part of the ‘Rising UP, Powering New India’ event in Lucknow, aimed at boosting infrastructural capabilities in the state of Uttar Pradesh.
As part of this project, Infosys will invest approx. INR 750 crores in the first phase of construction to build a 2.7 million square feet facility that can accommodate a total staff strength of 5,000. The state-of-the-art project, for which the UP government has allocated 27.5 acres of land in Sector-85, Noida, will be one the most sustainable projects in the region, with extensive efforts to minimize the facility’s carbon footprint by leveraging innovation and technology in the construction process.
Salil Parekh, Chief Executive Officer and Managing Director of Infosys, said, “We’re delighted that honorable Prime Minister Shri Narendra Modi felicitated our upcoming facility in Noida. The facility is a critical part of our effort to enhance our presence in the national capital region and leverage the talent pool available in this market. We are grateful to the state government of Uttar Pradesh for their support towards this endeavor.”
The project’s design will be done by RSP Design Consultants from Singapore and will aim to achieve a LEED Platinum rating, the highest level of certification for a green building, given by the U.S. Green Building Council. The construction will begin as soon as the government approval is received.
Infosys is a global leader in next-generation digital services and consulting. We enable clients in 45 countries to navigate their digital transformation. With over three decades of experience in managing the systems and workings of global enterprises, we expertly steer our clients through their digital journey. We do it by enabling the enterprise with an AI-powered core that helps prioritize the execution of change. We also empower the business with agile digital at scale to deliver unprecedented levels of performance and customer delight. Our always-on learning agenda drives their continuous improvement through building and transferring digital skills, expertise, and ideas from our innovation ecosystem.
Visit www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, 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, fluctuations in foreign exchange rates, 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, , 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 or expiration 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, 2018. 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. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. 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 unless it is required by law.
For further information, please contact: PR_Global@infosys.com