IT solutions vendor HCL will set up a 100-acre IT city in Lucknow.
The new IT city is expected to create job opportunities for about 25,000 people in Uttar Pradesh, one of the states in India.
Uttar Pradesh government has awarded the project to Vamasundari Investments, the investment arm of HCL.
About 60 acres of the proposed IT city will be allotted to IT and ITeS, including a hi-tech skill development center with a capacity to train more than 5,000 people. The remaining 40 acres is intended for support infrastructure and initiates of social impact.
“IT City shall play a crucial role in the overall economic development and boost up industrial growth of the state. Apart from this, it will directly create approximately 25,000 job opportunities for the youth of the state,” said UP chief minister Akhilesh Yadav.
Ancillary support services required for setting up IT industry such as hardware manufacturing, telecommunication equipment and several others shall also create huge career opportunities, PTI reported.
The move will also stop the state’s talent from migrating to other states in search of better career opportunities.
“The development of IT City will further the momentum for innovation-led growth and social development in the state,” said HCL founder and chairman Shiv Nadar Foundation Shiv Nadar.
The $6.4 billion HCL group offers indirect employment to one lakh people in UP. Of its total direct workforce of about 90,000 employees, about 30,000 work out of the state.
HCL also has a 46-acre SEZ campus in Noida. In its full capacity, the campus will seat 25,000 employees and generate export revenue to the tune of $one billion.