Shares of Hinduja Global Solutions Ltd skyrocketed 14% on 10 March after the broadband vertical inked a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to put out Project GANGA. 

The Uttar Pradesh government’s State Transformation Commission signed a Memorandum of Understanding with OneOTT Intertainment Ltd. (OIL), Hinduja Global Solutions’ broadband arm, to launch Project GANGA, which aims to enhance digital connection across the state.
 
The partners intend to link approximately 2 million households in the next two to three years through the expansion of wired internet connectivity across the state, according to the company’s exchange filing.

Project GANGA, which stands for ‘Government Assisted Network for Growth and Advancement’, intends to create 8,000 to 10,000 Digital Service Providers at the Nyaya Panchayat level. These local entrepreneurs will provide broadband and other digital services to households and businesses, according to the corporation.

The project is intended to create more than 100,000 direct and indirect jobs throughout the state, with a special emphasis on fostering female entrepreneurs, according to the statement. The program will also help the state government’s efforts to improve digital education and healthcare infrastructure, as well as provide entrepreneurs with training, financial assistance, network expansion, and technological enablement.
 
We hope to enhance connectivity while establishing sustainable livelihoods through entrepreneurship by integrating the government’s digital vision with OIL’s implementation capabilities, according to Vynsley Fernandes, whole-time director, HGS, and managing director & CEO. “Project GANGA is structured as a multi-year program focused on entrepreneur onboarding, network deployment and workforce development.”

At 1:12 pm, the shares of Hinduja Global Solutions were trading 11.39% higher at Rs 386.75 on NSE.

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