IT major Infosys today signed an MoU with the Madhya Pradesh government for investing Rs 600 crore in its proposed unit in Indore, which will generate over 13,000 jobs.

The MoU was signed by the Secretary IT, government of Madhya Pradesh, Hari Ranjan Rao and Infosys Vice-President, Chandraketu Jha in the presence of Chief Minister Shivraj Singh Chouhan and Industries Minister, Kailash Vijaywargiya at the state mantralaya, official sources said.

Also Read   Related Stories News Now - HP poised to bag India Post's IT contract - Top 7 firms add Rs 44,787 cr in m-cap Bharti top gainer - Sensex jumps 157 points to 11-week closing high - US probing Infosys, employees in visa case - IT sector: No crisis brewing - Infosys says US investigating visa sponsorships

Also Read   Related Stories News Now - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15% More

The state government has decided to provide 130 acres to Infosys on a 33-year lease. The project will be completed within five years.

The company is setting up the facility at the Super Corridor in Indore.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end on a strong note - Nabard FY14 operating surplus soars 28% to Rs 1,635 cr - RBI eases banks' term deposit restrictions - NMDC Q4 net down 21.74% to Rs 1,642.28 cr - Balrampur Chini Q4 profit up by 15%

Tags : Infosys | IT major | investment | Madhya Pradesh govt   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Help a Child Achieve her. Click to know more -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More