HCL Ap Govt MOU

Andhra Pradesh state government has entered into an MoU (Memorandum of Understanding) with HCL Technologies Limited to start IT centers in the captal region Amaravati and Vijayawada.

The MoU was signed in the presence of Chief Minister N Chandrababu Naidu, the ITE and C Department has signed a MoU with HCL Chairman Shiv Nadar, which states that the company will invest Rs. 500 crores in two phases over a 10 year period.

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As per the agreement, the company is going to invest Rs. 300 crores in an IT centre at Kesarapalli village in Gannavaram mandal. For this, the government has already allotted 17.86 acres of land. Through this, the government has plans to provide employment to 3,000 people and the first phase of construction will get completed by August, 2018.

Remaining Rs. 200 crores will be invested in second phase and after the completion of this, this likely to create employment to another 2,000 people. At Inavolu village, the government has given ten acres of land and the works likely to start by 2022.

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During the occasion, CM has poured compliments on Shiv Nadar, as “Your presence in Amaravati is going to create the much  needed ecosystem for IT growth. We want to be the best in the world and been doing efforts to make it the best place.”

Chandrababu Naidu has invited Nadar to build the best infrastructure for HCL IT centres in the capital region of Andhra Pradesh and also assured that his government is going to provide the support and help for the company.

Addressing the gathering, Shiv Nadar said, “Our Company is always in the front to bring new opportunities and this initiative is mainly to provide employment opportunities to the local talent and make today’s youth as tomorrow’s IT experts. We have decided to set up something innovative in the Andhra Pradesh as most of our employees in Chennai office are from AP itself. Our main motto is to encourage the youth in AP.

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