The Hindu Business Line : Infosys “rethinks” again on WB investment

BANGALORE: IT major, Infosys, on Thursday reiterated that it would have to “rethink and relook” into its investment plans in West Bengal but said that it had taken no decision on the matter yet.

“We are yet to take any decision. I said we will have to relook and rethink because we are concerned about the safety of our employees,” said Mr T V Mohandas Pai, Member of the Board, Infosys, on the sidelines of a function to announce renewal of LIC gro up insurance cover to its employees.

On reports that the Chief Minister of West Bengal had got in touch with Infosys and assured them of the state government's support and cooperation, he said: “These are very encouraging remarks.”

Speaking about the economic scenario, he said that the prices of oil had come down and that “will have tremendous impact on creating new growth impulses again”.

He said that the sub-prime crisis was wading through and with the US treasury having taken over mortgage giants Freddie Mac and Fannie Mae,

“I think we have passed the turning point. We have to wait and watch”. There will be some stability in the financial markets, he hoped. - PTI

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