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Infosys to Develop Branch Company in Dalion High Tech Zone

Infosys Technologies (China) Co, a subsidiary of Infosys Technologies, will establish a branch company in the Dalian High-tech Zone (DHTZ) in China.
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This branch company will focus on software development and outsourcing business in the region, an Infosys Tech (China) statement said.

As part of this partnership, Infosys Technologies (China) Co and DHTZ will jointly work towards fostering development and innovation in the Dalian High-tech industry, and establishing Dalian High-tech Park as an innovative world-class software development and outsourcing base.

This memorandum marks a milestone in Infosys' cooperation efforts with a provincial government in China, and will encourage collaboration in fields such as services, project cooperation, talent training and software outsourcing.

Speaking at the inauguration ceremony at Ascendas IT park in Dalian, Rangarajan Vellamore CEO of Infosys Technologies (China), said: "This partnership is a reiteration of Infosys' commitment to invest in China, and will contribute to the overall growth of the company as we continue our efforts to provide high quality service to our clients".

The MoU also provides a framework under which the DHTZ Administrative Committee will help Infosys launch programmes with local universities for training and recruitment.

The new facility can currently seat 700 employees and will focus on delivering consulting, technology and BPO services to clients from the US, Europe, Japan and neighbouring regions.

Incorporated in 2004, Shanghai-headquartered Infosys China is a global business and technology consultancy and reported revenues of USD 78.98 million in FY 2011.

Source: 24. Oct. 2011, (PTI)