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

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New Delhi | Published: May 12, 2017 10:22:24 PM

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.

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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