HCL to invest ₹500 cr. in State, to focus on IP.

The Andhra Pradesh government and the HCL Technologies recently signed a Memorandum of Understanding to establish a Global Information Technology Development and Training Centre that will hire, train and employ over 5,000 from the State.

The MoUs were exchanged by IT Secretary to Government K. Vijayanand and HCL Technologies, Engineering and R&D Services President G.H. Rao here in the presence of Chief Minister N. Chandrababu Naidu and HCL Technologies founder and Chairman Shiv Nadar.

Revealing the plans of the company, Mr. Shiv Nadar said they would be carrying out intellectual property (IP)-based work besides initiating the HCL’s Early Career programme for the teenagers and also women of the region.

The HCL will be investing ₹500 crore and the first phase of the project will come up near Kesarapalli near Gannavaram and the second will be at Inavolu of the capital region.

The local candidates selected for the programme will undergo training programmes by industry experts and work for the global customers of the HCL.

“IP-based work which is very unique is being done by overseas companies in India but not Indian companies, so we will be doing it right here.

“Though we do it, like how everybody does, the new thing is an initiation of the Early Career programme,” Mr. Nadar said.

THE HINDU