Home » Business » Indiana offers Infosys nearly $31 million in incentive package

Indiana offers Infosys nearly $31 million in incentive package

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Infosys announced its plan to hire more Americans earlier in May

The State of Indiana announced its largest ever incentive package of $31 million for Infosys, the Indian IT giant. This package comes in the wake of Infosys announcing to hire more than 10,000 Americans over two years.

Indiana wants to attract more Indian IT companies and hopes to increase local hiring, the Economic Times reported.

Related: Infosys to focus on local hiring in US after H-1B woes intensify

The incentives are in the form of conditional tax grants and training grants. Reportedly, it would cover more than the company’s cost of setting up its facility.

The company has said earlier that it will spend about $8.7 million in leasing and setting up its center.

“States, cities and counties can all offer incentives. The idea is to pick places that offer incentives and has a local college network that can provide talent that is cost-effective and can be trained. We aren’t going to be hiring from Stanford or MIT,” Economic Times quoted an IT executive.

Infosys announced its plan to hire more Americans earlier in May. The company also announced its plan to open new Technology and Innovation Hubs across the US.

The company expects to open the first hub in Indiana in August 2017, which is expected to create 2,000 jobs by 2021 for American workers.

Related: Infosys to hire 10,000 skilled American workers; plans to setup four technology and innovation hubs

According to Infosys, the company is planning to hire highly skilled and experienced technology professionals and recent pass outs from major universities, and local and community colleges. In total, it would fill 10,000 vacancies to build a performance oriented skilled workforce for the future.

The company plans to use the service of subject matter experts and trainers. This will help to equip the newly hired Americans to provide key competencies in areas such as user experience, cloud, artificial intelligence, big data and digital offerings, as well as core technology and computer science skills.