HCL Amaravathi and Gannavaram
HCL Amaravathi and Gannavaram will be soon launched with investment of 750 Crore. HCL Technologies is on plans to set up two facilities in Andhra Pradesh which would create 7,500 jobs in 10 years.
A Research and Development (R&D) center, which is expected to accommodate more than 4000 IT professionals, will be set up in Kesarapalli village, Gannavaram in the first phase. Reports suggested that Rs 400 crore will be pumped in to build the R&D center at Kesarapalli.
The second phase will consist of a 20 acre facility at Amaravathi, Guntur. An amount of Rs 350 crore will be invested to build the campus, which within five years will offer job opportunities for around 3500 IT professionals. News is that it will take almost seven years to set up the R&D center at Kesarapalli village, Gannavaram which will be part of the first phase.
It needs to be recalled that, with an aim to create over 2 lakh job openings in the electronics segment in the coming years, the Andhra government had signed a MoU with Flextronics, an electronics manufacturer. The MoU was signed in June 2018. Post this, the new development need to be seen as a huge employment generation opportunity in Andhra Pradesh, as the government is investing in the electronics sector in a major way.
For the record, HCL Technologies Limited emerged on the global landscape after its first IPO in 1999. The company presently operates out of 32 nations along with its subsidiaries and has an overall revenue of close to USD 6.1 billion as recorded on 31st December 2015. The IT services major had initiated an INR 100 crore HCL Grant in 2016 to support NGOs and individual social leaders that are involved in executing projects for the upliftment of the underprivileged and development of India