HCL plans Rs 1,500-crore IT training institute in state
A month after HCL chairman Shiv Nadar met Chief Minister Akhilesh Yadav, the HCL officials met Industrial Development Commissioner Anil Kumar Gupta on Thursday and submitted the plan.
According to the proposal, HCL will invest about Rs 1,500 crore for setting up the institute. The officials said the company would acquire about 50 acres on their own at market rate, with a guarantee for placement of about 70 per cent students along with stipend and housing facility.
In return, they demanded 24 - hour power supply, secure environment and a police outpost for the institute.
“They just want 24-hour electricity supply and security from the government. They will buy land at market price and just want a hassle-free establishment. The institute will have capacity for about 20,000 engineering graduates, who they promise to train for placements in Tier-1 IT companies in the country,” said IDC Gupta.
He added that it has been left on HCL to decide whether they wish to take up Agra or Lucknow as their destination, but they have been told that it should not be Noida or Greater Noida.
The officials have been given a draft copy of the IT policy for their suggestions. “There are two main points in the draft policy. First of all, to facilitate private investment, the government will ensure uninterrupted power supply and provide security as has
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