With many countries tightening their visa norms, Bangalore-based Infosys is now expanding its onshore capabilities in order to serve these markets effectively.
India’s second-largest software services provider first began setting up onshore technology and innovation hubs in the US and now it wants to replicate this model in Europe and Australia.
The company plans to begin by setting up one digital hub in the UK, for which it has shortlisted four locations, while it is also evaluating setting up such centers in two more European countries. In Australia, Infosys is looking at setting up two hubs initially before expanding further, Business Standard reports.
In the US, Infosys plans to have four tech hubs by 2022 and employ 10,000 people. They will be located in Indianapolis, Indiana; Raleigh, North Carolina; Hartford, Connecticut; and Providence, Rhode Island. Focus areas include artificial intelligence, machine learning, user experience, emerging digital technologies, cloud and big data.
Infosys chief executive officer and managing director Salil Parekh allayed concerns that increased hiring in onshore locations would affect profitability. He felt onshore tech hubs would help expand the company’s digital business, which currently stands at 28% of its overall revenues, and lead to higher margin trajectory, the daily added.