Global giant HCL Technologies to enter Sri Lanka in strategic investment

HCL Technologies Corporate Vice President Srimathi Shivashankar exchanges the agreement with Board of Investment Chairman Susantha Ratnayake as BOI Director General Champika Malalgoda looks on

HCL Technologies (HCL), a leader in global technology yesterday announced the establishment of its global delivery centre in Colombo. 

Marking its presence within the region, HCL aims at boosting employment, providing resources and skilling the local talent to serve its global clients. An agreement to this effect was signed with the Board of Investment of Sri Lanka recently.

Founded in 1976, HCL Technologies is a next-generation global technology company that helps enterprises reimagine their businesses for the digital age. A true multinational, HCL is headquartered in India with significant global presence across various key industries and sectors. A key part of HCL’s business and development strategy in Sri Lanka will be to generate local employment and provide the right skilling programs that will augment the growth of the knowledge services industry in the island. 

Collaborating with the BOI of Sri Lanka, HCL’s local entity HCL Technologies Lanka Ltd. will implement its Work Integrated Education Program to foster growth by actively cooperating with local ICT and engineering institutions to develop and train the island’s talent pool. 

Through this delivery centre in Colombo global clients will be provided with valuable services in the areas comprising of Applications and System Integration Services, Infrastructure Services and Digital Process Operations.

“It is a landmark moment for us as we begin our operations in the beautiful country of Sri Lanka. We are very happy with the progressive policies this country has and thus, we are fully prepared and committed to bring in new opportunities for the local workforce and creating ever-lasting partnerships within the region. Our valuable partnership with the BOI will help us showcase the true essence of our culture of ‘Relationship Beyond the Contract’. By imbibing our ideapreneurship culture we will be aiming to provide best-in-class support to the global clients with the help of local talent pool,” HCL Technologies Corporate Vice President Srimathi Shivashankar said.

Board of Investment of Sri Lanka Director General Champika Malalgoda said: “We are pleased to partner with HCL Technologies – one of the world’s leading technology companies to take forward our development vision for Sri Lanka. Sri Lanka has built a reputation for hardworking, dedicated and talented IT professionals who have delivered innovative and futuristic IT solutions to the world. We are one of the best destinations for providing off-shore services for Information Technology Enabled Service (ITEs) as well as services related to Finance and Accounting, Legal, Insurance, Banking and Telecommunications. HCL Technologies has the resources that will enhance and empower our local IT talent to achieve the national goals set out for the sector. We are delighted with this opportunity and look forward to a longstanding partnership.”

HCL Technologies (HCL) empowers global enterprises with technology for the next decade today. HCL’s Mode 1-2-3 strategy, through its deep-domain industry expertise, customer-centricity and entrepreneurial culture of ideapreneurship enables businesses to transform into next-gen enterprises. 

HCL offers its services and products through three business units – IT and Business Services (ITBS), Engineering and R&D Services (ERS) and Products & Platforms (P&P). ITBS enables global enterprises to transform their businesses through offerings in areas of Applications, Infrastructure, Digital Process Operations and next generational digital transformation solutions. ERS offers engineering services and solutions in all aspects of product development and platform engineering. 

Under P&P, HCL provides modernised software products to global clients for their technology and industry-specific requirements. Through its cutting-edge co-innovation labs, global delivery capabilities and broad global network, HCL delivers holistic services in various industry verticals, categorised under Financial Services, Manufacturing, Technology and Services, Telecom and Media, Retail and CPG, Life Sciences and Healthcare and Public Services. 

As a leading global technology company, HCL takes pride in its diversity, social responsibility, sustainability and education initiatives. As of 12 months ended 31 December 2019, HCL has a consolidated revenue of $ 9.7 billion and its 149,000 ideapreneurs operate out of 45 countries.