Infosys will also be in special economic zones now

Infosys Technologies is now reported to be expanding in the special economic zones (SEZ) of the country to take some tax advantage. This had been reported by a top official of the Company on Wednesday to Indiatimes reporters.

Infosys is planning to have all their expansions in special economic zones (SEZs) as in Software Technology Parks the tax incentives will be extinguishing soon.

1. The Bangalore based IT giant is estimating a cost of Rs.11 billion (i.e. $255.8 million) for this purpose
2. Out of which Rs.10 billion is expected to set up the centres in those areas, said S. Gopalakrishnan, managing director of Infosys.
3. Infosys is planning to have centres in Chennai, Chandigarh, Jaipur, Hyderabad, Mangalore and Thiruvananthapuram for now.
4. Infosys is starting with their establishment inside Mahindra World City SEZ in Chennai.
5. They have 129 acres and are planning to accommodate 35,000 seats there.
6. In the first phase they will be having 11,200 seats.

While in the second phase they will have 5,000 seats, said T.V. Mohandas Pai, Company Director.

One Response to “Infosys will also be in special economic zones now”

1. Infosys will also be in special economic zones now · Real-Estate.ExplainedOnline.Net says:

   August 27, 2008 at 11:01 pm

   [...] Original post by China Real Estate [...]