Making China a hub for its software services in the Asia-Pacific market, India's IT giant Infosys Technologies Friday announced plans to set up a software development center in Shanghai for 200 IT professionals.

The subsidiary will be capitalized at US$5 million, Infosys said in a statement to the Bangalore stock exchange.

The China subsidiary will be offering end-to-end software services to domestic companies in China and multinational companies operating in China, and serve as a hub for software services in the Asia-Pacific region, the company said.

(Xinhua News Agency October 10, 2003)