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HCL Tech has signed MoU with Andhra govt for Rs 500 cr campus

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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