Leading IT player of India will now come to Amaravati. HCL, country’s fourth largest organization in IT will set up a Rs 1000 Cr development centre here. Sources reveal that company is all set to sign a pact with CM N Chandrababu Naidu to come up with a development center that will be located close to the greenfield Amaravati.
This is a phenomenal milestone for the Sunrise state of Andhra Pradesh, and also first gigantic investment made into IT sector. It is a well known fact that the CM envisions to replicate Cyberabad model in AP. HCL’s inclusion in the elite list of investments will make this dream become a reality.
Interestingly, the series of incidents remind us of exact same kind of developments that happened in the years 1995 and 1998. CM, who was then heading the United Andhra Pradesh signed pacts with the names like IBM, Deloitte, Oracle and Microsoft to set up their centers in Hyderabad.
This will be an important deployment for HCL itself, which had been trying to go for a phase wise expansion in all the tier 2 cities of India. The first phase of 100 acre IT city was set up in Lucknow last year with a budget of Rs 1500 cr.
The proposed facility in Amaravati will accommodate 3,000 IT professionals in the first phase and the next 3,000 IT engineers in the next. This will prove to be a major opportunity boost for talent passing out of engineering colleges in the state.