HCL Technologies signed MoU with Andhra Pradesh

     Written by : SMTV24x7 | Fri, Mar 31, 2017, 12:21 PM

HCL Technologies signed MoU with Andhra Pradesh

Vijayawada, March 31: The government of Andhra Pradesh has decided to encourage the Information Technology (IT) sector on Thursday, then it has planned to set up IT and training centers by the major HCL Technologies, which has signed a memorandum of understanding (MoU) in Vijayawada.

The objective of the pact is to create a "state-of-the-art" global IT development center, recruit local talent and mainly create an ecosystem to nourish that.

As part of the MoU, HCL will invest Rs 500 crore in 10 years in the project spreading over 27.86 acres to be allotted by the government. A majority of IT investments come to Hyderabad which the major IT hub.

Chief Minister N Chandrababu Naidu said that Vijayawada is best place for creative people and sought cooperation of HCL to make AP as a knowledge hub.

He said the HCL would emerge as a trendsetter in promoting IT in AP. "It promises to create flexible working conditions for women and walk to work environment," he said.

In line with the government's efforts for enhancing employment opportunities in the state, the company is assured to employ 5,000 local residents.