Rs 1,500 crore has been dedicated by Infosys CEO Vishal Sikka to Prime Minister Narendra Modi for the innovation in software and services in India

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Infosys CEO meets Modi; dedicates $250 million to innovate in India

Infosys CEO Vishal Sikka on Wednesday met Prime Minister Narendra Modi and disclosed that his company will spend USD 250 million (over Rs 1,500 crore) to fund innovations in software and services in India.

The chief of India’s second largest IT services firm also discussed with Modi ways in which the company can participate in the Prime Minister’s vision of smart and digitally empowered India.

Infosys will develop software for managing the kumbh mela scheduled in Ujjain (Madhya Pradesh) in 2016, he told PTI in an interview.

Mr. Sikka, the first non-founder CEO of Infosys, said Mr. Modi has agreed to dedicate the company’s Mysore campus as the first model smart city in the country in April this year.

“Today, I had a meeting with the Prime Minister. We had a talk on smart cities, smart infrastructure, which is close to his heart.

“And the other big area is innovation. PM has a vision for innovation. As announced last week, we have a USD 500 million Innovation Fund. Of this, we have decided that half of this, which is a little over Rs. 1,500 crore, will be dedicated to just innovation in India. We will call it Innovate in India,” Mr. Sikka said.

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