HCLTech to establish Global Technology Center in Bhubaneswar

HCLTech, a leading global technology company, today signed a Memorandum of Understanding with the Government of Odisha to set up a worldclass Global Technology Center in Bhubaneswar to innovate and deliver AI-led digital solutions to global enterprises.

The Technology Center will complement HCLTech's proposed AI Data Center in the upcoming Odisha Sovereign AI Park. The Technology Center will house 5,000 people and is expected to start operations by 2028.

HCLTech's investment will not only contribute to direct and indirect employment but also boost the local talent ecosystem with focus on next-generation skills. Towards this, HCLTech plans to engage deeply with local educational institutions and the government through structured interventions.

Rahul Singh, COO - Corporate Functions, HCLTech said, "At HCLTech, through our New Vistas initiative, we are focused on expanding our presence across India to bring opportunities closer to where the talent is. Odisha offers a great mix of quality infrastructure and vibrant talent pool, and we look forward to developing Bhubaneshwar as one of our key global innovation and delivery hubs."

Shri Vishal Kumar Dev, IAS, Additional Chief Secretary, Government of Odisha said, "We welcome HCLTech's decision to establish their footprint in Odisha. Their presence will further embellish Bhubaneshwar's status as one of India's most promising technology hubs."

In India, HCLTech employs 170,000+ people across its technology campuses and centers in Noida, Bengaluru, Chennai, Hyderabad, Pune, Lucknow, Nagpur, Madurai, Vijayawada and GIFT City.

Shares of HCL Technologies Limited was last trading in BSE at Rs. 1244.85 as compared to the previous close of Rs. 1237.25. The total number of shares traded during the day was 153810 in over 15329 trades.

The stock hit an intraday high of Rs. 1248.75 and intraday low of 1228.30. The net turnover during the day was Rs. 191068963.00.

Source : Equity Bulls

Keywords

HCLTechnologies INE860A01027 MoU GlobalTechnologyCenter Bhubaneswar