By K G Vasuki

Bangalore, Sept 11 (ANI): Infosys, the Bangalore based information technology company, has finally got assurance from the West Bengal Government on its proposed investment in the state.

While talking to reporters in Bangalore today, on the occasion of renewal of the group insurance policy for the employees of Infosys, T. V. Mohandas Pai, Member of Board of the company, said, The Chief Minister and IT minister of West Bengal have spoken with the company and have assured complete support for Infosys.

Infosys has plans to invest Rs. 250 crore and set up a development centre on the outskirts of Kolkota.

On the backdrop of Singur row, Infosys had said that it would rethink on the investment plans. But after the Chief Minister’’s assurance, Infosys seems to have softened its stand.

Describing Chief Minister’’s gesture as ”encouraging”, Pai pressed for the need of certainty and stability across the country.

Infosys and Life Insurance Corporation of India (LIC) today renewed the group insurance policy covering 90 thousand employees. Thomas Mathew, Managing Director of LIC explained that the sum assured is over 24000 crore and is the biggest in India.

Pai expressed happiness over the renewal of the scheme and said that India Inc and the Government of India should come up with such schemes for all the employees across the country to ensure social security framework.

The renewal of the scheme by Infosys is considered to be the employee friendly move by the company as the premium paid by individual employee is nominal. (ANI)