Infosys Technologies (China) Co. Ltd today announced that it has signed a Memorandum of Understanding (MoU) with the Dalian High-tech Zone (DHTZ) Government, to establish a branch company of Infosys Technologies (China) Co. Ltd in DHTZ. This branch company will focus on software development and outsourcing business in the region. Mr. Luan Qingwei, Government leader of Dalian city and other Chinese dignitaries joined Mr. Shaji Farooq, Senior Vice President, Infosys Ltd. and Mr. Rangarajan Vellamore, Chief Executive Officer, Infosys Technologies (China) Co. Ltd. at the inauguration ceremony that was held at Ascendas IT Park in Dalian, China.
As part of this partnership, Infosys Technologies (China) Co. and DHTZ will jointly work towards fostering development and innovation in the Dalian High-tech industry, and establishing Dalian High-tech Park as an innovative world-class software development and outsourcing base. This memorandum marks a milestone in Infosys' cooperation efforts with a provincial government in China, and will encourage collaboration in fields such as services, project cooperation, talent training and software outsourcing.
Speaking at the ceremony, Mr. Rangarajan Vellamore, CEO, Infosys Technologies (China) Co. Ltd. said, “The comprehensive and in-depth cooperation between the Dalian High-tech Zone (DHTZ) Government and Infosys will drive innovation and development, improving the IT Services industry in Dalian. This partnership is a reiteration of Infosys' commitment to invest in China, and will contribute to the overall growth of the company as we continue our efforts to provide high quality service to our clients."
The MoU also provides a framework under which the DHTZ Administrative Committee will help Infosys launch programs with local universities for training and recruitment.
The new facility can currently seat 700 employees and will focus on delivering consulting, technology and BPO services to clients from the U.S., Europe, Japan and neighboring regions.
Infosys China was incorporated in 2004 and reported revenues of USD $ 78.98 million in fiscal year 2011. The company has invested in world class development centers in Shanghai Pudong Zhangjiang Hi-tech Park, Hangzhou Binjiang Hi-tech Park, Beijing China Oversea Plaza, a sales office in Hong Kong and a Global Education Center in Jiaxing Science city. The company is also developing a new campus at Zizhu Science and Technology Park in Shanghai. Infosys China currently employs over 3,300 people.