Vijayawada: Andhra Pradesh Information Technology Minister N Lokesh Thursday inaugurated the State Street HCL Services (SSHS) at Medha Tech Park near Vijayawada airport at Gannavaram in the state capital region.
SSHS, a Joint Venture between HCL Technologies and U.S. based State Street Corporation, announced on the occasion that its new facility would create over 1000 ‘high-end’ employment opportunities in capital markets middle and back offices for custody, fund administration, investment management and brokerage services.
Graduates and post-graduates in commerce, accountancy and finance would be recruited for the jobs at the facility, that would cater to global clients of HCL, HCL Technologies corporate Vice-President Anoop Tiwari said in a press release.
State Street chairman Michael Brager, SSHS operations head Ganesh Ramkumar and other officials of the JV were present.
HCL Technologies vice-president Srimathi Shivashankar has said the company will create over 5,000 jobs in the first phase of the project coming up at Kesarapalli near Gannavaram. Shivashankar spoke about the company’s expansion plans. Echoing Lokesh’s views that HCL centre will contribute to the State government’s vision to create 1,00,000 jobs in IT industry and 2,00,000 jobs in the electronics industry, she said, “We are going to create over 5,000 jobs in the first phase.
The recruitment process has already begun.” She added the recruited candidates would be imparted skill training. “We will train them and get them ready for research and development (R & D),” she explained. When asked why Vijayawada was chosen for establishing the centre ahead of the IT hub Visakhapatnam, she gave three reasons.
“Vijayawada is growing fast and we want to contribute to the growth and reap benefits as well. Secondly, there are a lot of IT firms here, which is an added advantage when it comes to recruiting new talent. We have managed to secure a site near the Gannavaram airport, which is another advantage for us,” she explained.
“Our research and development work aims at developing technologies for many areas such as health, transportation and telecommunications,” she said. HCL’s R&D works include financial services, manufacturing, telecommunications, media, publishing, entertainment, retail & CPG, health care, oil and gas etc.