HCL Technologies, the fourth largest IT services company of the country has signed an MoU with Andhra Pradesh government for setting up its campus in Vijayawada-Amaravati region.

The company is going to invest Rs 500 crore in ten years in the project that involves a development centre and a training facility spread over 27.86 acres to be allotted by the government.

AP government has said in a statement that “The objective of this MoU is to create a state-of-the-art global IT development centre, recruit local talent and mainly create an ecosystem to nourish the sector.”

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