Business Companies 04 Sep 2017 Infosys may stay bac ...

Infosys may stay back at Technocity

Published Sep 4, 2017, 1:59 am IST
Updated Sep 4, 2017, 1:59 am IST

THIRUVANANTHAPURAM: Even as Infosys had decided to back out of its plans for a new campus at Technocity, the state government is still trying to pursue the IT major to review the decision.

"It is not yet a closed chapter. We are still in talks with Infosys on reworking their plans for a second campus in the state. Hence the recent changes in Infosys management are also very crucial," an IT department official told DC.

According to sources, though Infosys had decided in 2015 to quit alleging apathy in addressing some of their woes regarding the land, the lease agreement with the state government for the 50 acres allotted to them was not yet terminated formally. IT secretary M. Sivasankar said a clear picture was yet to emerge. 

"We are obviously in touch with Infosys. But they are yet to make any commitments. We hope to take forward the discussions in a positive manner," he said.

It has to be noted that the CAG report in 2015  had accused the state of extending undue favours to Infosys by enhancing lease period from 25 years to 90 for the existing campus, even as the firm did not give any enhancement in commitments of job creation.



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