Infosys to lay foundation of Mohali campus in Punjab

Deputy CM Sukhbir Singh Badal says plant has capacity of 15,000 employees at Mohali

Software giant-Infosys would lay the foundation stone of its campus in India on February 22, having employment potential of 15,000 youth at Mohali in Punjab. Initially, the company is likely to invest around Rs. 527 crore in the campus.

This was informed by Punjab Deputy Chief Minister Sukhbir Singh Badal while handing over land allotment letters to 27 IT companies including Infoyses to set up their IT units at Mohali with an investment of 1,000 crore, which would provide employment to nearly 30,000 youths in Punjab.

Talking about the investment by Infosys, Badal said that company is all set to lay the foundation stone of it biggest campus in India on February 22, having capacity of 15,000 employees at Mohali.

Today addressing the media persons after handing over allotment letters to companies, Deputy Chief Minister said that the recently held Progressive Punjab Investors Summit has started showing its results as in a very short span of time, the implementation of MOCs (Memorandum of Commitment) has been initiated.

Terming the investment in IT sector as a historic achievement, Deputy Chief Minister said that “it is a just a beginning and in next three years Mohali would be the first planned IT destination of the country which would further give big push to the economic activities in the state.

Badal has said that to ensure the speedy implementation of these projects, the land has been allotted on lease for three years and if any company fails to invest within stipulated time than the MOU would be canceled by the Punjab Government. Adding further he announced that Punjab Government would review the progress of these projects on half yearly basis.

The companies which got allotment letters included Infosys Limited which would invest Rs. 527 crore to provide employment to 15000 youth, where as Emerson Electric Company (India) Pvt Ltd.to investment Rs 51.73 (employment 180), KNACK BPO PVT. LTD, to invest Rs 56.25 (675) , Netsmartz Infotech India Pvt Ltd.,Chandigarh to invest Rs. 51.54 ( 400), Bebo Technologies Pvt Ltd to invest Rs 32.7 crore ( 600), Maxval Technologies Pvt Ltd.

Belapur Station Complex, Mumbai to invest Rs 27 crore (300) , Allengers Medical Systems Ltd to invest Rs 25 crore ( 58) , SE-Biz, Infotech Ltd.,to invest Rs 21 crore (600), Dr ITM Limited to invest Rs 20.61 crore ( 1352), Xeam Ventures Pvt Ltd to invest Rs 16.74 crore ( 4000), Aequor Information Technology Pvt Ltd to invest Rs. 15.75 crore ( 261), Offshore A-One Technology Pvt Ltd., to invest Rs. 12.85 crore ( 300) , Kiran Foreign Trade Pvt Ltd to invest Rs. 11 crore (1300), etc.