According to an official statement, HCL is setting up its operations in Andhra Pradesh in two phases.
In the first phase, the Noida-based company will invest Rs 400 crore to build a R&D centre in Kesarapalli village in Gannavaram. The facility is expected to accommodate more than 4,000 IT professionals, it said. The phase-I will commence with the foundation stone laying ceremony on October 8 and is expected to be completed in seven years’ time, employing more than 4,000 IT professionals, the statement added.
The phase II will be taken up later in Amaravati, the new capital of Andhra Pradesh in a campus of 20 acres.