HCL Technologies’ investment arm -- Vamasundari Investments -- has been selected to develop the proposed IT City in Lucknow. The project is estimated to cost around Rs 1,500 crore. The company’s arm will develop the project under the public private partnership (PPP) model.
The company would be required to form a special purpose vehicle (SPV) to build development and skill development centres over 30 acres and 10 acres respectively in two to four years.
Earlier, 100 acres land had been transferred to the state IT department at Chak Gajaria on Lucknow-Sultanpur highway in Lucknow district.
The company would be required to form a special purpose vehicle (SPV) to build development and skill development centres over 30 acres and 10 acres respectively in two to four years.
Earlier, 100 acres land had been transferred to the state IT department at Chak Gajaria on Lucknow-Sultanpur highway in Lucknow district.
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