Colleges, Talent Led Infosys to Indy

Posted: Updated:
INDIANAPOLIS -

The chief executive officer of India-based Infosys (NYSE: INFY), which is planning to create up to 2,000 jobs at a new hub in Indianapolis, says Indiana features a "great university ecosystem" and has a strong pipeline in place for high-tech jobs. Vishal Sikka says plans call for a training facility that is designed for "zero distance" between the Infosys work force and customers in some of Indiana's key industries: manufacturing, life sciences, insurance, financial services and health care. During a news conference Tuesday morning outlining the $9 million investment in central Indiana, Sikka said the company's U.S. expansion began three years ago.

Sikka and Infosys President Ravi Kumar told Inside INdiana Business Indiana is an ideal spot for the company to grow.

The global company is being offered a conditional incentive package through the Indiana Economic Development Corp. that could total some $31 million. The announcement in Indianapolis marks the first of the four new Infosys centers planned throughout the U.S. that could create a total of around 10,000 jobs in two years.

Indianapolis Mayor Joe Hogsett says the Infosys expansion "has the potential to fundamentally change the landscape of our local economy." He adds "this announcement also highlights the national and international attention that the Indianapolis area is attracting as a growing technology hub, and I look forward to continued conversations with Infosys and our local team at Develop Indy to find new and exciting ways to grow their footprint in our city over the coming years."

  • Perspectives

    • Focused Collaboration Leads to Effective STEM Leadership

      As a woman who has built a career in a STEM field, technology, I have come to realize that collaboration is an essential ingredient for organizational growth and survival. As my year serving as president for Women & Hi Tech comes to an end, one of the most impactful takeaways for me has been how a shared vision and strategic partnerships can help change the landscape for women studying science, technology, engineering or math in Indiana.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Walmart Details Crawfordsville Layoffs

      Walmart Inc. (NYSE: WMT) has announced plans to reduce its workforce at the Walmart Optical Lab in Crawfordsville. In a notice to the state, the company did not provide a reason for the reduction, but said 108 employees will be out of work by the end of September.

    • Indy Tech Vet to Lead DePauw Center

      DePauw University has tapped an Indianapolis tech veteran to become a part of its leadership team. Steve Fouty, who most recently served as chief financial officer of ClusterTruck in Indy, has been named director of the McDermond Center for Management and Entrepreneurship on the Greencastle campus.

    • Airports in Indiana Secure FAA Grants

      Seven Hoosier airports and the Indiana Department of Transportation have received support for projects from the Federal Aviation Administration. Funding through the Airport Improvement Program will be used for infrastructure work including runways, terminals and firefighting and snow removal equipment. Nearly $660 million was distributed throughout the country in the most recent cycle.

    • Study: Hoosier Graduation Rates Continue to Rise

      A new report from the Indiana Commission for Higher Education says graduation rates among Hoosier college students are higher than ever. The 2018 College Completion Report says 38.5 percent of students graduated on time, up 4 percent from the previous year and nearly 14 percent over the past five years.

    • Caesars now owns Indiana Grand in Shelbyville and Hoosier Park in Anderson.

      Acquisition of Indiana Racinos Complete

      Las Vegas-based Caesars Entertainment Corp. (Nasdaq: CZR) has completed its $1.7 billion acquisition of Centaur Holdings LLC in Indianapolis. The deal adds Hoosier Park Racing and Casino in Anderson and Indiana Grand Racing and Casino in Shelbyville to Caesars' portfolio. The company says it will invest $50 million into various property improvements and IT upgrades at both facilities. Caesars says it plans to add table games to both properties, pending necessary approvals.