Bangalore, Oct 11 (UNI) Shortage of cement and labour has hit the IT giant Infosys' expansion programme as its plans to complete 7,200 rooms in a six million sqft built up area by end of the year will not be achieved.
Talking to newspersons during the announcement of the Q2 results in which the IT Bellwether's revenues grew to Rs 4,106 crore, Human Resources Director Mohan Das Pai said the company did not face any resistance from the locals unlike in the case of building of Specific Economic Zones (SEZs) or setting up of retail market chain by the corporate sector.
The IT major already had 80,000 employees on its rolls and plans to employ a further 13,500 more, mainly software professionals, by March next year.
The work on Infosys' ambitious Mysore campus where it already had Asia's biggest training centre, as well as in Pune was behind schedule due to shortage of cement, he said.
"The cement prices have soared during the last one year and there is severe shortage of supply in the two cities. The prices has spurted from Rs 200 to Rs 270 per bag in the coming six months. But even if you are ready to pay the higher price there is no availability of stocks", he said.