Today's Paper

`Company is not a land grabber'

Special Correspondent

BANGALORE: Infosys Technologies on Saturday stated that it is not a "land grabber" and said the recent spat between the information technology industry (IT) and the State Government over infrastructure issues will not have an impact on the company or on the flow of investments into the IT sector.

"I don't see the controversy having any impact on the IT sector in general and Infosys in particular," Infosys Chairman and chief mentor N.R. Narayana Murthy told presspersons here.

Seeking to put to rest the controversy over land acquisition by Infosys, the company's Chief Financial Officer, T.V. Mohandas Pai, said the company has always acquired land at the market value. The Infosys Chairman said that it is the government's responsibility to build infrastructure, particularly roads.

"We are not a road-building corporation. Roads all over the world are built by the Government, not corporates. The revenue collected by the Government through taxes should be used for creating infrastructure," he said.

Ruling out reconsidering his decision to quit as Chairman of Bangalore International Airport Ltd. (BIAL), Mr. Murthy said: "it will not have any impact on the development of the new airport. One individual never makes a difference. BIAL is a great institution and I'm sure it will do a wonderful job."