Infosys to set up SEZ in Indore with Rs. 400 cr investment.

IT major Infosys laid the foundation stone of its proposed SEZ which will be created with an initial investment of Rs. 400 crore.

The foundation-laying ceremony of the SEZ, to be constructed on 130 acres of land, was held at the Super Corridor on the outskirts of city in the presence of Madhya Pradesh Chief Minister Shivraj Singh Chouhan.

'In the initial phase, we will invest Rs. 400 crore in the Indore facility and would create employment opportunities for 5,000 software professionals,' Infosys founder and Executive Chairman N R Narayana Murthy said on the occasion.

The Hindu