Infosys begins construction of US education centre with $ 35 mn investment
"The company is providing an initial investment of $35 million to create the first 125,000 square feet of development, transforming the 70.5-acre site into an innovative training centre," the company said.
India's second largest IT services company Infosys Friday announced that it has started construction of its US education centre in Indianapolis, entailing an initial investment of USD 35 million.
In a statement, Infosys said that the training campus and residential centre for its staff, as well as employees of select clients aim to prepare the American workforce for the technology jobs of the future.
"The company is providing an initial investment of $35 million to create the first 125,000 square feet of development, transforming the 70.5-acre site into an innovative training centre," the company said.
The first phase of the project is expected to be complete by 2020 end.
In March 2018, Infosys opened its first US Technology and Innovation Hub in Indianapolis and a month later the company expanded its hiring plans for Indiana from 2,000 to 3,000 new jobs by the end of 2023.
Watch Zee Business Tweet video here:
यूपी #RERA नोएडा, ग्रेटर नोएडा और गाजियाबाद में प्रोजेक्ट्स के हालात सुधारने के लिए ग्रेडिंग सिस्टम का होगा शुभारंभ, देखिए ये रिपोर्ट। @srivasatavabk pic.twitter.com/u2bkvTXiok
— Zee Business (@ZeeBusiness) November 17, 2018
Last year, Infosys announced plans to hire 10,000 Americans by 2019. Indian IT firms have been ramping up local hiring in offshore markets to tackle visa-related challenges.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Fundamental picks by brokerage: These 3 largecap, 2 midcap stocks can give up to 28% return - Check targets
SBI Senior Citizen Latest FD Rates: What senior citizens can get on Rs 7 lakh, Rs 14 lakh, and Rs 21 lakh investments in Amrit Vrishti, 1-, 3-, and 5-year fixed deposits
Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts
SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations
Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years
SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations
Retirement Planning: Investment Rs 20 lakh, retirement corpus goal Rs 3.40 crore; know how you can achieve it
08:43 AM IST