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HCL to set up five tech centres at Rs 1,000 cr each

HCL Technologies will set up five technology hubs across the country, which will entail an investment of Rs 1,000 crore each.

business Updated: Nov 01, 2007 15:24 IST

The country's fourth largest software exporter HCL Technologies on Thursday said it will set up five technology hubs across the country which will entail an investment of Rs 1,000 crore each.

Through the new initiative, the company would generate employment for nearly one lakh people in the next 5-7 years.

The proposed centres are expected to come up in Bangalore, Chennai, Nagpur and Madurai. The company today inaugurated its first centre in Noida.

While Bangalore and Chennai centres are expected to be operational by second quarter of next fiscal, the remaining two would come up by end of 2009.