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Article: Infosys invested Rs 63 crore in overseas subsidiaries in FY'09.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 2, 2009
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Infosys invested Rs 63 crore in overseas subsidiaries in FY'09
Mumbai, June 2 (PTI) IT major Infosys Technologies has incurred a capital expenditure of Rs 63 crore in its three loss-making subsidiaries in China, Mexico and the US last fiscal, the company said in its annual report.
"We have invested Rs 22 crore each in Infosys Mexico and Infosys Consulting Inc based in Texas, US, while making an additional investment of Rs 19 crore in Infosys China during FY 09," Infosys Chief Executive Officer and Managing Director S Gopalakrishnan said in the report.
During fiscal 2005, the company established Infosys Consulting, a wholly-owned subsidiary in ...