The company will also provide its expertise in the areas of smart infrastructure planning and sustainable building technology to the Ministry of Urban Development. This announcement was made during a meeting between Dr. Vishal Sikka, Chief Executive Officer and Managing Director and the Prime Minister of India, Shri Narendra Modi in New Delhi.
The concept of a smart and sustainable city is based on leveraging the power of data and the latest technologies in building and information technology to minimize energy and resource consumption, increase the use of renewable energy, and reduce and manage waste effectively.
The Infosys Mysore campus is a mini city in itself - spread over 350 acres, with 12 million sq. ft. built-up area and the capacity to host more than 15,000 trainees (residing on campus), 8,000+ employees and several thousand contract workers. Under this initiative, Infosys will strive towards making its Mysore campus a ‘Smart City’ through effective planning to ensure efficient resource governance and utilization. The campus will be the first to achieve zero waste to landfill sustainability. The company aims to achieve its target of making the campus a Smart City by April 2015.
Speaking on this commitment, Dr. Vishal Sikka said,“We, at Infosys, deeply believe that the digital revolution creates opportunities for us to reshape the world around us for the better and to improve quality of life. With our experience in computing technologies, and in managing urban spaces totalling over 2,600 acres, with a built-up area of 39 mn. sq. ft., all over India, our model ecosystem at Mysore will serve as a live, replicable example of smart city innovations that will harness all the advantages of digitization. These technologies promise to revolutionize the physical spaces we inhabit; and Mysore as the spiritual center of our company and a magnificent space in which we learn and teach, offers the best venue for this great endeavour.”
Infosys has been using industry leading practices such as radiant cooling, day lighting and effective retrofit strategies to reduce its energy consumption. The company has also invested in a Command Center at its headquarters in Bangalore from where it monitors, manages and optimizes resource usage across its development centers based in India. This Command Center analyzes data of energy consumption, building operations, and uses advanced algorithms for energy saving, predictive maintenance and more, to ensure operational excellence.
Infosys is continuously investing in renewable energy such as solar energy and has a goal to reduce its water consumption on campuses by 50% and to recycle and reuse all water on its campuses. The company is also working towards a zero waste to landfill approach.
Infosys (infosys.com) is a global leader in consulting, technology, outsourcing and next-generation services. We enable clients, in more than 50 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.
Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and our Forms 6- K for the quarters ended June 30, 2014 and September 30, 2014. These filings are available at sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.
Contact Infosys Americas: John Gallagher - Brunswick Group for Infosys, USA
P: +1 415-316-8060 - E: jgallagher[.]brunswickgroup.com.