Multibagger IT Major to Establish Global Technology Center in Bhubaneswar; Facility to Employ 5,000 People
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HCLTech has signed an MoU with the Government of Odisha to establish a Global Technology Center in Bhubaneswar, strengthening its AI and digital engineering capabilities while creating 5,000 jobs
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index declining 102.80 points, or 0.43 per cent, to 23,766.80. Despite the weak market sentiment, HCL Technologies (HCLTech) share price jumped 1.02 per cent to Rs 1,257.40 after the company announced plans to establish a new Global Technology Center in Odisha.
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Download Service BrochureHCLTech Signs MoU with Odisha Government
HCLTech announced that it has signed a Memorandum of Understanding (MoU) with the Government of Odisha to establish a Global Technology Center in Bhubaneswar.
The proposed facility will focus on developing and delivering AI-led digital solutions for global enterprises and will complement HCLTech's proposed AI Data Center in the upcoming Odisha Sovereign AI Park.
5,000 Employment Opportunities
According to the company, the new Global Technology Center will have the capacity to house 5,000 professionals and is expected to commence operations by 2028.
HCLTech stated that the investment is expected to generate both direct and indirect employment opportunities while strengthening Odisha's technology ecosystem. The company also plans to collaborate with local educational institutions and the state government to develop next-generation digital skills and create a strong talent pipeline.
Management Commentary
Rahul Singh, COO – Corporate Functions, HCLTech, said: "At HCLTech, through our New Vistas initiative, we are focused on expanding our presence across India to bring opportunities closer to where the talent is. Odisha offers a great mix of quality infrastructure and vibrant talent pool, and we look forward to developing Bhubaneswar as one of our key global innovation and delivery hubs."
Government's View
Welcoming the investment, Shri Vishal Kumar Dev, IAS, Additional Chief Secretary, Government of Odisha, said: "We welcome HCLTech's decision to establish their footprint in Odisha. Their presence will further embellish Bhubaneswar's status as one of India's most promising technology hubs."
Strengthening AI and Digital Capabilities
The proposed Global Technology Center forms part of HCLTech's broader strategy to expand its presence across India under its New Vistas initiative. By integrating AI, cloud, engineering and digital capabilities, the facility is expected to serve global enterprises while supporting innovation-led growth.
The project also aligns with Odisha's vision of becoming a major technology and artificial intelligence hub through investments in digital infrastructure and skilled talent.
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About HCL Technologies
HCL Technologies Ltd (HCLTech) is a global technology company providing services across AI, digital transformation, cloud computing, engineering, cybersecurity and software solutions. The company serves clients across industries including financial services, manufacturing, healthcare, telecom, retail and public services.
HCLTech employs more than 223,000 professionals across 60 countries, with over 170,000 employees in India. For the 12 months ended June 2026, the company reported consolidated revenue of approximately $14.8 billion.
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Disclaimer: The article is for informational purposes only and not investment advice.