Indian outsourcing services provider HCL Tech has decided to invest US$9 million to expand its operations in North Carolina, generating 1,237 jobs over the next four years, according to NC Governor Pat McCrory.
Dependent on the United States for more than 50% of its revenue, HCL is talking of using much of the money earmarked to further innovate its own services.
In return for creating jobs, HCL will receive more than $19.6 million in tax and other financial benefits over the next 12 years. Such benefits are normally offered to multinationals who would otherwise not have taken interest in expanding their operations.
“HCL has been steadily building its Wake County presence and one reason is the incredible talent pool the Triangle region has to offer IT companies,” McCrory said.
The Indian outsourcer, according to McCrory, has also partnered with a few educational institutes to launch STEM-related initiatives designed to train people in the technical skills that the outsourcing industry looks for.
“We remain committed to enhance our investments by developing nearshore capabilities in the communities we operate in,” said Anant Gupta, CEO, HCL Technologies.
Most of the employees that HCL will hire are computer professionals who will develop, maintain and upgrade software applications. Salaries will vary according to job function and experience, but the average annual payroll for the new jobs is expected to be nearly $64 million, says the press release from governor’s office.
“These additional jobs at HCL are going to be an incredible boost to the Cary economy,” said Representative Nelson Dollar. “The Triangle Region is one of the country’s top IT markets, and this is just further evidence of that.”