VIJAYAWADA: The Ministry of Commerce on Monday approved HCL Technologies’ proposal to set up an IT special economic zone (SEZ) in Vijayawada with an initial investment of Rs 408.48 crore. The venture is expected to generate direct employment for 3,000 people and 2,000 jobs through HCL BPO (Business Process Outsourcing).
Information Technology Minister Nara Lokesh had handed over documents allotting 17.86 acres of land to HCL chairman Shiv Nadar in May, 2017.The company initially planned to invest Rs 500 crore in ten years for a development centre, training facility and other ancillary facilities.
HCL aims to hire, employ and train 5,000 local residents in the region in two phases. As per its agreement with the State government, HCL will develop its first centre on 17.86 acres at Kesarapalli village in Gannavaram mandal of Krishna district. The second centre will come up on 10 acres at Ainavolu village in Amaravati.
It was only after securing approvals from the State government that Hindustan Computers Limited sought the Centre’s permission to set up a special economic zone. The proposal was deliberated by an inter-ministerial board headed by Commerce Secretary Rita Teaotia. “The board approved the setting up of the special economic zone over an area of 10.43 hectares,” the minutes of the meeting read.
Jobs for 5,000
The Rs 408-crore venture is expected to generate direct employment for 3,000 people and 2,000 jobs through HCL BPO (Business Process Outsourcing). Minister Nara Lokesh had allotted 17.86 acres of land to HCL chairman Shiv Nadar.