Governor Abbott Announces New Infosys Limited Expansion In Richardson
Governor Greg Abbott today announced that Infosys Limited will be expanding its presence in Richardson, Texas bringing 500 new jobs and $12.3 million in capital investment to the area. Founded in 1981, Infosys Limited is a technology services and consulting firm providing software development and engineering services to corporations. Headquartered in Bengaluru, India, Infosys operates in 45 countries and has over 200,000 employees worldwide. A Texas Enterprise Fund (TEF) grant offer of $3,075,000 has been extended to Infosys.
“Texas is a leader in the establishment of booming technology hubs because of innovative companies like Infosys,” said Governor Abbott. “Companies such as Infosys are choosing to invest in the Lone Star State because of our business-friendly practices and rich and diverse talent pool. Infosys’ expansion in the city of Richardson will create hundreds of good jobs for Texans, and I thank Infosys for their investment and look forward to building on our already strong partnership.”
“We are excited to announce the expansion of our presence in Texas—the latest phase of our continued investment in driving digital transformations for American businesses,” said Pravin Rao, COO, Infosys. “Digital is rapidly changing every industry, and our Hubs will allow us to co-locate, co-innovate and co-create alongside our clients.”
“Texas’ world-class educational institutions is key to Infosys’ workforce development efforts,” said Ravi Kumar, President, Infosys. “As we keep growing in Texas, our increased investment will improve our ability to deliver for our clients by helping to broaden the STEM talent pipeline here and providing training for the specialist skills that our clients need.”
“We are pleased to see Infosys establishing its new technology and innovation hub in Richardson,” said Richardson Mayor Paul Voelker. “Infosys will benefit tremendously from the Telecom Corridor® area’s access to leading corporations across a variety of sectors, a deep pool of experienced tech talent and strong academic partners preparing the professionals of tomorrow. We are grateful to our community for helping us build a well-deserved global reputation as a leader in digital innovation, and we are also deeply appreciative of the State’s support in bringing this project to fruition.”
Under Governor Abbott’s leadership, the Texas Enterprise Fund helped to close the deal on 29 projects in 2015-2018 that committed over $853 million in new capital investments and more than 16,500 new direct jobs all across the state, from Amarillo to the Rio Grande Valley and communities in between. The TEF also serves as a jobs multiplier, supporting thousands more indirect jobs at existing local and small businesses. The $70 million invested in job creation during Governor Abbott’s administration also helped close the deal on seven corporate headquarter relocations to Texas. Administered by the Economic Development and Tourism Division within the Office of the Governor, the Texas Enterprise Fund helps to strengthen the state’s already diverse and growing economy and attract new jobs to communities across the state.