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Infosys keen to invest in Kerala

N R Narayana Murthy, Chairman, Infosys Technologies, on Wednesday, said that in the next phase of expansion, the software giant would invest in Kerala in a major way.

Speaking at a press conference in Kochi, Kerala, immediately after the Sibertech project launch of the Thrissur-based South Indian Bank Ltd, Narayana Murthy said, "We are looking at various opportunities. In the next phase, we will lose no opportunity to invest in Kerala."

On Kerala's potential as an IT destination, he said that the state had tremendous talent availability. But considering factors such as nearness to international airports, growth potential and job opportunities, other places are seen to be more attractive.

Infosys is presently operating in Bangalore, Mysore, Mangalore, Madras, Hyderabad, Bhubaneswar and Pune.

Murthy, who is the member of the National Information Task Force, said that the Indian IT industry would expand by 30 to 40 per cent in the next 3-5 years. The prime minister had set a target of $50 billion in terms of IT export, he said.

"We are working to achieve that target", Murthy added.

When asked about the India's position in the IT sector, the Infosys chief said, "For the first time in its history, India received considerable recognition as a software player in the global market. In no other export area, it has reached this level".

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