Indian tech giant HCL considers mega-project in Hung Yen

Monday, Nov 18, 2019 15:16

HCL's headquarter in Noida, India. — HCL Photo

Hindustan Computers Limited (HCL) has confirmed their intention to invest in a mega project in the northern province of Hung Yen.

The company was reportedly looking for a location to build a multi-purpose facility that can accommodate 5,000-10,000 IT engineers in the future.

HCL said it is making long-term investment plans in Viet Nam. The Indian tech giant said it hopes to train and employ 10,000-20,000 Vietnamese engineers.

Based in Noida, India, HCL employs more than 130,000 IT engineers around the globe with a revenue of US$8.6 billion last year.

HCL also considers southern economic hub HCM City for its future expansion.

In a meeting with the city’s leaders in May, Sanjay Gupta, HCL’s Vice President and Strategic Initiatives Executive, said HCL has been closely watching Viet Nam’s economic development and investment policies.

He said the country has the potential to develop a robust IT industry, having many similar characteristics to India 10 years ago before its IT revolution. — VNS

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