Indian Tech Company Plans Thousands of Hoosier Jobs
An India-based technology services and consulting giant has chosen central Indiana for one of four new technology and innovation hubs in the United States. Infosys (NYSE: INFY) says it plans to create up to 2,000 jobs in the region by the end of 2021. The company says it is considering multiple office options for the nearly $9 million investment, and plans to finalize a lease this month. The hub will focus on tech markets including artificial intelligence, machine learning and big data. Infosys plans to have the hub up and running in August.
Infosys already has more than 140 associates in Indiana and plans to hire for developers, analysts, architects, domain consultants and other positions at the new Indiana office. The company plans to hire 100 associates by the end of this year, and 400 next year.
Chief Executive Officer Vishal Sikka says the choice to locate in Indiana "is a testament to Indiana's skilled work force and its education system." The company plans to draw from experienced technology professionals as well as recent university and community college graduates to fill the positions. Sikka says the company will invest in training and education to ensure a "fully-equipped" work force.
The Indiana Economic Development Corp. plans to offer Infosys up to $15,250 in conditional tax credits per new job created, which would total about $31 million if the company hires and trains all 2,000 workers as planned. The organization also will consider up to $500,000 in training grants.
Infosys was founded in India in 1981, and has grown to have a presence in more than 50 countries, including 18 offices in the United States. The company employs more than 200,000 people and reported more than $10 billion in revenue last year. In all, the four new technology and innovation hubs in the U.S. are expected to create about 10,000 jobs over the next two years.