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L&T ties up with Gujarat government for IT-ITES Park, to invest Rs 7,000 crore

AHMEDABAD: Infrastructure main Larsen & Toubro (L&T) has signed a Memorandum of Understanding (MoU) with the Gujarat authorities to arrange an Info Know-how (IT) and IT Allied Companies (ITES) park in Vadodara. The corporate will make investments Rs 7,000 crore on this venture. An announcement issued by the Gujarat authorities mentioned that the signing of the settlement between L&T and the state authorities occurred in Gandhinagar on Wednesday within the presence of Chief Minister Bhupendra Patel.

The corporate will make investments Rs 7,000 crore over 5 years to arrange an IT/ITES park within the district, the assertion mentioned. The park will likely be arrange below the not too long ago introduced IT/ITES coverage of the state authorities. About 10,000 direct and oblique employment alternatives will likely be created with this park within the subsequent 5 years. About 2,000 engineers will get jobs within the first yr of establishing the park, the assertion mentioned. Chief Minister Bhupendra Patel had in February introduced the IT/ITES coverage aimed toward creating one lakh high-skilling jobs within the sector over the following 5 years.

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