Infosys Technologies has drawn up mega expansion plans for its subsidiary in China to build up service delivery capabilities and serve the local market.
"We have close to 100 people in China and over the next several quarters we expect the number to grow to a 1,000 employees," Infosys Technologies managing director and CEO Nandan Nilekani told newspersons in New Delhi.
"China is an important country for us in many ways. As part of our global delivery capabilities and there will be more work in China," he said.
The company had earlier announced an investment of $5 million in its China subsidiary. Nilekani did not say whether Infosys will invest more in China but said the company was in target on its investments.
Infosys, which has 39,000 employees, plans to add 7,000 people in the second quarter of this fiscal. It added 3,000 employees in the first quarter.
To accommodate the growing number of professionals the company is expanding its infrastructure fast. It currently has a space of 68,99,450 sq ft with a capacity of 33,111 professionals.
"We are building additional space of around 31,76,400 sq ft with a capacity of 16,615 seats," Nilekani said.
So far the company has spent Rs 623.31 crore (Rs 6.23 billion) on building physical infrastructure and Rs 170.58 crore (Rs 1.71 billion) in technological infrastructure.
He said the company is building intellectual capital to give better solutions to clients. The company's expenditure on research and development has gone up to Rs 74.39 crore (Rs 743 million) in 2004-05 from Rs 44.54 crore (Rs 445 millioN) in 2003-04. As a percentage of revenues the company's R&D spend was 1.08 per cent in FY05 as against 0.94 per cent in 2003-04.