Infosys to invest $100 m in China operations

It bellwether Infosys is looking at investing around $100 million in its Chinese operations over a period of time and would strengthen the employee count there to 4,000 from the existing 2,850, said MD & CEO S Gopalakrishnan .

“All our centres are capable of handling all projects — be it in Hyderabad, Bangalore, Chennai or Mangalore. We hope to create a similar centre in China too and have initiated talks with the government there to acquire land on lease. We will build our campus once we have land,” he said after addressing the regional council of CII in Hyderabad on Thursday.



The company is planning to offer midterm promotions to its around 12,000 employees this month. “Promotions and hikes will now be a part of our routine cycle. We had already given promotions in April. While attrition in the past two years had gone down to single digits, from last quarter to this quarter we have observed that it is down. We believe stability would happen next quarter,” he said. On UK’s move to scale down IT budgets, he said, “Globally, even though we have come out of recession, the growth is muted. Problems that were there on the business side have now moved to governments. So, governments are looking at austerity measures.”