Foster announces major investment by leading Indian IT firm

Jun 25, 2010

Pictured at the announcement l-r are Alastair Hamilton, Invest NI; Sudip Banerjee, L&T Infotech and Enterprise Minister Arlene Foster.

Enterprise Minister Arlene Foster announced an investment by the Indian company L&T Infotech, today, which will create 85 new jobs.

Invest Northern Ireland has offered 891,000 of support for the investment, which will create 85 high quality jobs, ranging from graduate level to highly experienced software engineers and software developers, over the next three years.

L&T Infotech is a global provider of IT services and solutions, with about 12,000 employees worldwide. The investment will see the company establish a European software development and maintenance centre in Belfast.

Announcing the investment, the Minister said: “This significant investment by a global company reflects its recognition that Northern Ireland is a value for money location with a highly skilled workforce and excellent IT infrastructure. This mobile investment was not an easy win, but Invest NI succeeded in securing it for Northern Ireland against direct competition from the US, the Philippines and South America.

“When I led Invest NI’s Trade Mission to India last year, I took the opportunity to meet with L&T Infotech to reinforce the message that Northern Ireland is an ideal location for foreign direct investment. Today’s announcement demonstrates the importance of face to face meetings with potential investors to deliver quality projects for Northern Ireland.

“Developing Northern Ireland’s ICT sector is one of Invest Northern Ireland’s priorities and attracting this kind of high quality investment strengthens our international reputation for IT excellence. It is estimated that when fully implemented, the centre will generate annual salaries of 2.9million, a welcome boost to the local economy.”

The new Belfast centre will be located in the Northern Ireland Science Park and will act as a right shore centre for L&T Infotech to help it develop its presence in the European market. The centre will be actively involved in development work for all of the company’s services and products.

Mr Sudip Banerjee, CEO of L&T Infotech, said: "This new software centre is strategically important for us as we drive forward our plans to increase global capacity. The centre will also support both European and other global clients. We are confident that we will find in Northern Ireland the technical and professional skills that we need and we look forward to developing our presence here.”

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