1. Andhra Pradesh inks deal with HCL Technologies to set up Rs 500 cr research facility

Andhra Pradesh inks deal with HCL Technologies to set up Rs 500 cr research facility

Andhra Pradesh IT Minister Nara Lokesh today signed a deal with HCL Technologies for setting up of Rs 500-crore IT research facility in Vijayawada.

By: | New Delhi | Published: May 12, 2017 10:22 PM
HCL Technologies ,  research facility, Nara Lokesh, Andhra Pradesh IT Minister, Andhra Pradesh IT Minister “The company will invest Rs 500 crore in ten years, for a development centre, training facility and other ancillary facilities. HCL aims to hire, employ and train 5,000 local residents in the region in two phases,” said a release issued by AP government.(Reuters)

Andhra Pradesh IT Minister Nara Lokesh today signed a deal with HCL Technologies for setting up of Rs 500-crore IT research facility in Vijayawada. On his maiden visit to the national capital today after his entry into the state cabinet, son of AP CM N Chandrababu Naidu, met HCL founder and Chairman Shiv Nadar at its Noida campus for the purpose. “The company will invest Rs 500 crore in ten years, for a development centre, training facility and other ancillary facilities. HCL aims to hire, employ and train 5,000 local residents in the region in two phases,” said a release issued by AP government.

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The company will develop its first centre at Kesarapalle village in Gannavaram mandal of Krishna district in a total area of 17.86 acres and the second centre in Ainavulu village of Amaravati. “Letter of allocation for land parcel for Phase I of the project was handed over to HCL Chairman,” said the release. “At a time when there are headwinds in the sector, HCL’s investment is a testimony of the talent available in Andhra Pradesh,” said Lokesh in a statement.

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