NIIT shares gained over 4 per cent in the morning trade on Thursday following the company’s plan to establish European Delivery Centre in Dublin, creating 110 jobs over five years. The development is supported by the Department of Jobs, Enterprise and Innovation through IDA (Industrial Development Agency) Ireland.
At 10.47 am, NIIT shares were trading 4.75 per cent up at Rs 72.75. The scrip opened at Rs 69.45 and had touched a high and low of Rs 74 and Rs 68.30, in trade so far.
Later, the share price of the company settled 2.74 per cent up at Rs 71.35.
On Wednesday, September 23, the Irish Prime Minister, Enda Kenny said in a joint press statement with Prime Minister Narendra Modi, “ I also welcome the NIIT company here to Ireland with a 110 jobs, with the IDA working strongly in terms of foreign direct investment here.”
The publicly listed company, which was established in 1981 and is headquartered in Gurgaon, India, employs about 3,000 people in over 40 countries with primary locations in India, the United States, Europe and China. The focus of this announcement is NIIT’s Corporate Learning Group (CLG) which delivers comprehensive managed training services including Custom Curriculum Design and Content Development, Learning Administration, Learning Delivery, Strategic Sourcing, Learning Technlogy and Advisory Services.
Ireland was chosen as the location for the new European Delivery Centre due to the availability of suitable creative and technical talent and multilingual skills, the cluster of existing learning technology companies, and open business environment.
In a BSE filing, the company said, “The new roles will include high-end engineers, creative writers and digital media professionals. Other roles will be for trainers, multilingual customer service support and project managers. Applicant can email firstname.lastname@example.org for further information on these positions.”