The Karnataka government late Monday cleared the proposals of IT bellwether Infosys Technologies Ltd to set up two more software development centres in this tech hub at an investment of Rs 2,950 crore (Rs.29.5 billion).
"The state high level clearance committee cleared the investment proposals of Infosys to set up two development centres at Sarjapur (in southeast suburb) and another at Devanahalli (in northwest suburb) near the international airport," Major Industries Minister Murugesh R. Nirani told reporters here.
Infosys director T V Mohandas Pai confirmed that the global software major had sought clearance to set up two more development centres in the city as part of its expansion plans.
"If they have cleared the proposals, it is good. Yes, we have applied for clearance to set up two new centres," Pai told IANS.
Infosys main software development centre and corporate headquarters are located in the Electronics City on the outskirts of Bangalore, where about 16,000 techies work.
The $4.5 billion company had acquired 365 acres of private land at Sarjapur and approached the state government for another 40 acres at Devanahalli.
The Sarjapur campus will be the company's second largest facility in terms of area after its Mysore campus, where its global corporate leadership centre and the world's largest training centre are located in 700 acres of land.
Infosys plans to invest Rs.2,250 crore in the Sarjapur development centre to seat about 18,000 employees, and Rs.710 crore in the Devanahalli centre to create capacity for 12,000 employees. The second facility will be located in the proposed IT investment region near the airport.