HCL to set up IT campus

Highlights

The MoU was signed by senior MADC officials and HCL technologies Ltd CEO Shiv Nadar in presence of chief minister Vilasrao Deshmukh.
MUMBAI: Nagpur, one of the fastest-emerging Tier II cities in India, has bagged yet another major investment commitment in its special economic zone being developed by the government. HCL Technologies Ltd on Tuesday signed an MoU to invest Rs 1,000 crore to set up an IT campus in Nagpur.

The MoU was signed by senior MADC officials and HCL technologies Ltd CEO Shiv Nadar in presence of chief minister Vilasrao Deshmukh.

The MADC is developing a multi-modal international air cargo hub (MIHAN) which is a first of its kind project in India. The state government has formed an SPV comprising MADC and Airport Authority of India to implement the MIHAN project.

Mr Nadar informed that the project would generate 10,000 jobs in five years. Recently, the US aircraft manufacturer Boeing has committed to set up a manufacturing and maintenance facility and a pilot training institute in this SEZ.

The MADC has committed to provide basic infrastructure like roads, water supply, sewage system and telecommunication in the next 24 months to HCL and also supply power from its own power project in the SEZ within next 36 months.

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