Infosys to invest $65 million in China
Infosys Technologies Ltd., India's second-biggest software service exporter, said on August 4, 2005 that it planned to invest $65 million over five years in two Chinese technology centres.
The investment includes $10 million over two years in a Shanghai centre that Infosys announced to the stock exchange on Wednesday. The other centre in Hangzhou will involve an investment of $15 million over the next two years, Infosys said.
The new centres will accommodate 6,000 engineers, Nasdaq-listed Infosys said in a statement. Both projects are expected to start in January 2006, it said.
Infosys, which is expanding in China like industry leader Tata Consultancy Services to help global customers and hire low-cost staff, currently has 250 employees in China.
Indian companies are expanding in China mainly to help U.S. and European customers seek local clients and build a global footprint.
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