HCL Technologies to set up operations in AP with Rs 500 cr investment - Startup news, funding, investment, entrepreneurs, earn money, technology etc

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Tuesday, February 21, 2017

HCL Technologies to set up operations in AP with Rs 500 cr investment

HCL technologies is planning to set up operations in AP with Rs 500 Crore investment. AP CM Naidu also said that HCL is planing to invest Rs 500 crire in two phase. HCL would set up two green field campuses across 27.5 acres of land with Rs 300 crore investment in phase 1 and in second phase it is planning to invest another Rs 200 crore.

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The company is planning to start operations in various IT, BPO services as well as the high end engineering R&D.

The state government has also allotted 42,000 square foot of space in a ready-built tower to HCL for a skill development centre to train local boys and girls for their possible absorption in future jobs to be created by the company. The company has promised to create 3000 jobs in the first phase and 2000 jobs in the second phase, each spread across a time line of five years.

HCL proposes to complete the construction of the first IT center and the skill development center by June and start the regular operations with 500 employees from October, 2017. It would start the training programme for local graduates from the temporary premises from July, 2017.

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