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August, 2003 
Your eye to India-centric and International updates
In the news

Pune - Attracting IT investments

IT bigwig Infosys technologies recently announced its plans for investing Rs. 2.5 billion in its facility in Pune city, giving a boost to the Maharashtra Government's efforts to market the state as a competitive location for IT investments.

 
Our Say

Several of our clients, who are small to mid-sized European IT Companies, have selected Pune as an ideal IT destination; even during the Bangalore boom period. The Infosys experience certainly adds to what our clients and others feel about Pune, which has often been overshadowed by Bangalore.

 

Indian IT major Infosys, which already owns 25 acres of the Pune Infotech Park at Hinjewadi, will now acquire another 75 acres in phase II of the park- making the Pune campus its 2nd largest facility worldwide. The Rs. 2.5 billion investment will allow the centre to employ 5,000 professionals in addition to the existing 2200, anchoring the Companies ties with multi-million dollar clients from Canada, US, Europe and the Asia-Pacific.

Among the reasons cited for Infosys' increased interests in Pune are the cities local technical skills and improved infrastructure. The Maharashtra Government's efforts to attract investments have also made it easier for companies like Infosys to set up in the state. MIDC has in fact acquired over 500 hectares of land in and around Hinjewadi, Pune for development of software and biotechnology parks. Phase I of the Hinjewadi Infotech Park is already home to several IT majors such as Infosys, Wipro, etc.

 
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