Company News
HCL Tech To Invest Rs 750 Crore In Andhra Pradesh, Create 7,500 Jobs
According to an official statement, HCL is setting up its operations in Andhra Pradesh in two phases.
IT services major HCL Technologies will invest Rs 750 crore to set up two facilities in Andhra Pradesh that will help create 7,500 jobs in 10 years.
In the first phase, the Noida-based company will invest Rs 400 crore to build a R&D centre in Kesarapalli village in Gannavaram. The facility is expected to accommodate more than 4,000 IT professionals, it said.
The phase-I will commence with the foundation stone laying ceremony on October 8 and is expected to be completed in seven years’ time, employing more than 4,000 IT professionals, the statement added.
The investment for this phase is expected to be Rs 350 crore and will include about 3,500 IT professionals in five years’ time. – Money Control
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