HCL Technologies (HCL), an Indian multinational information technology (IT) service and consulting company that is currently in the ‘Forbes Global 2000’ list, has become Sri Lanka’s first FDI (Foreign Direct Investment) since the COVID-19 outbreak in the country in March.
According to the Corporate Vice President of HCL, Srimathi Shivashankar, the company is set to invest USD 10 million in the coming years as a capital expenditure, limiting its use towards IT equipment, training and leasing needs. In an online media briefing held today (16), she stated that the company will also look at hiring around 5,000 people in the next three to five years, with the first 1,500 being hired in the next 18 months.
HCL plans to create these new local employment opportunities for both freshers and experienced professionals. Shivashankar stated that a key part of HCL’s business and development strategy in Sri Lanka will be to use local talent pool for global assignments.
“We are very excited as our operations have already started in the region and are looking forward to hiring and engaging with the highly skilled and talented people of Sri Lanka while bringing them the opportunity of working with a global technology company, at their door-step without having them to move out of their own country. Our delivery center in Sri Lanka will play an important role to serve our Fortune 500 and Global 2000 clients and partners throughout the globe.”
HCL’s commencement of operations in Sri Lanka began in February 2020, when they joined hands with the Board of Investment (BOI) of Sri Lanka. HCL Technologies Lanka also marked the presence of the company’s first delivery center in the region. HCL is set to provide services to global clients in the areas of Applications & System Integration Services and Infrastructure Services.
During the online event, the Chairman of the BOI, Susantha Ratnayake stated that this was a significant step in the direction of the vision HCL has set out for building its global delivery center in Sri Lanka. He went on to state that he was hopeful that HCL will be able to create employment opportunities for the people of the country and people of Sri Lanka will have access to global work environment right in their own country.
“We are extremely happy that HCL has come to Sri Lanka. This will broaden the horizons of young people, because they will get to work with an international company with the best-in-class systems and processes and open up Sri Lanka for the 250 of the Fortune 500 and 650 of the Global 2000 companies, which are HCL’s customers.”
HCL Technologies is a subsidiary of HCL Enterprise, and currently has offices in 44 countries including the United Kingdom, the United States, France, and Germany with a worldwide network of R&D, “innovation labs” and “delivery centers”, and around 147,123 employees. As of 31 March this year, HCL has consolidated revenue of USD 9.94 billion.