After Wipro, Infosys shifts expansion plans outside Bangalore

Infy gives Karnataka govt a wake up call
Tech giant, Infosys has decided to shout against Karnataka's weak infrastructure.
CNBC TV18

Tech giant, Infosys has decided to shout against Karnataka's weak infrastructure. Following in the tracks of Wipro Chief Azim Premji, Infosys has also said it will move a major chunk of its business out of Bangalore. This despite having built its own water treatment plant, power backups, hotel and now even a parking lot.

TV Mohandas Pai, CFO, Infosys said, "What we see happening in Bangalore is that the incremental growth rates for IT industry is coming down. Take Infosys, for example. Today 44% of all the seats that we have across the country, this year we are building 21000 seats, and only 6000 in Bangalore, already it has come down to 28% and next year it will come down even more."

He added, "The reason is that we need land in Bangalore am sure other companies also need a lot of infrastructure and the finding that the incremental inflow in Bangalore could come down is a wake up call for the government."