Infosys (NYSE: INFY), a global leader in consulting, technology and next-generation services, today announced the commencement of work on its new software development center in Kolkata, West Bengal. The Honorable Chief Minister of West Bengal, Mamata Banerjee, laid the foundation stone for the Bengal Silicon Valley Hub in Kolkata where the project is located.
As part of this project spread over 50 acres, Infosys will invest approximately INR 100 crores in the first phase of construction to build a 525,000 square feet facility, in which the company will create employment for 1000 engineers initially. The first phase of the project will be completed within 15 months from the date of obtaining all statutory clearances.
“I congratulate the Government of West Bengal on laying the foundation stone for the Bengal Silicon Valley Hub, here in Kolkata. On this special occasion, I would like to thank the Honorable Chief Minister of West Bengal Mamata Banerjee, for giving Infosys a unique opportunity to be a part of this prestigious project, and further strengthen our presence across the country,” said,
Salil Parekh, Chief Executive Officer and Managing Director, Infosys.
About Infosys Ltd.
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.
http://www.infosys.com to see how Infosys (NYSE: INFY) can help your enterprise navigate your next.
Certain statements mentioned 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, 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. 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.