Monday, November 20, 2017

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN

About discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.

India’s Infosys Expands in China, Opens Campus in Shanghai

By Jennifer Park

May 26 – India’s second largest global technology company Infosys is building a new campus in Shanghai. Expanding over 15 acres at the Zizhu Science and Technology Park, the campus is expected to become its largest software development center outside India.

Set to be constructed over the next three years, the new Shanghai campus will be of the highest quality equipped with software development, labs, data centers, training facilities as well as recreational facilities. Infosys plans to invest US$125 million to US$150 million, among the largest investments made by a software company in China. It will also be one of the first global enterprises to establish a delivery center in Shanghai.

“China has demonstrated an extraordinary pace of growth. Such growth cannot be sustained unless it is backed up by scalable, easily maintainable, easily available and easily usable information systems. That is where we believe that there is opportunity in China for us,” N.R. Narayana Murthy, the chairman of Infosys, noted in an interview with the Times of India. Infosys plans to use its high quality consulting and software services to serve the global market as well as local market in China.

However, it has been indicated that China still lacks managerial level workers that are capable of dealing with clients from North America and Europe according to Everest Research Institute. Everest also mentioned that there has been an increasing number of Indian outsourcing companies in China and it is expected to remain popular location for outsourcing enterprises.

In China since 2004, Infosys currently has 3,000 employees in China. Its revenue amounted to US$78 million in first quarter of 2011, which is still a small fraction of the company’s total revenue of US$6.04 billion per year. With the completion of this project, Infosys is expected to have 10,000 employees in Shanghai alone.

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