Stock Watch

There is no doubt that the state of West Bengal has always been one of the hottest destination for investments in the country. But the recent crises in Singur over the Nano car project have thrown chaos among the investers. It seems that the country’s second largest software development company, Infosys Technologies is also feeling the heat. The company has said that after the recent Singur crises, it is also planning to re-think the whole matter of its investment in the state.

Commenting on their investment plan in the state, Mohandas Pai, member board Infosys, said, “We will have a relook and rethink on our investment plan in the state. We need stability for growth and safety of our employees.”

However, he said that the state government has given assurances and added "We are happy that the chief minister has spoken to Infosys. We hope that the situation gets better over the next few days."

Infosys Technologies is coming up with a Rs 250 crore project in the outskirts of Kolkata which is estimated to give employment to 5,000 people of the state.