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Nagpur IT News 2012 : Infosys to set up development centre in Nagpur, inks MoU with state Govt

IT major Infosys will set up a software development centre in the city, its second in Maharashtra after Pune, with an initial investment of Rs 100 crore.

The Bangalore-based software services provider today signed a memorandum of understanding (MoU) in this regard with Maharashtra Airport Development Company (MADC) in presence of Chief Minister Prithviraj Chavan.

The MoU was signed by MADC Vice-Chairman and Managing Director U P S Madan and Shibulal, Managing Director of Infosys.

India's second-largest software firm will be allocated 142 acres of land for the centre at Mihan, a air cargo project being developed by MADC.

According to the MoU, the IT firm will start operations within three years at the centre which will come up at an investment of Rs 100 crore and provide jobs to about 2,000 software engineers over five years.

Infosys intends to invest a total of Rs 415 crore and create jobs for 14000 IT engineers when the centre, the firm's 12th in the country, is fully developed in about 10 years.

Infosys has 64 offices and 68 development centres in India and abroad and 1,45,088 employees as on December 31, 2011.

Infosys In Nagpur 2012 - Infosys likely to start operations in 3 years

After being pursued by the state government for the last six months, IT giant Infosys signed a memorandum of understanding (MoU) with the Maharashtra Airport Development Company (MADC) for setting up a unit in the Mihan-SEZ.

However, the move is still short of clinching the final deal with this state government company which will ultimately lead to allotment of land to Infosys in the SEZ.

Nagpur News2012 - VTAI plea on Ram Jhula

In a fight for early completion of much-delayed Ram Jhula project, the Vidarbha Taxpayers Association (VTA) has filed an intervention to represent the voice of taxpayers whose hard-earned is being unnecessarily wasted owing to delay in its completion.

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