GE Selects HCL Technologies to be one of its Partners for Global Development Centers Program

HCL Technologies Ltd on September 11, 2006 has announced the signing of an agreement with General Electric Company (NYSE:GE) in which the Company will set up and operate Global Development centers (GDC) in India and China for GE over 3 years. GE selected the Company as one of its partners after due diligence conducted by the GE team.

"We are excited about this partnership and will continue to deliver the near shore alternatives and LCC leverage to GE", said Shami Khorana, President, HCL America, a 100% subsidiary of the Company. "Our leadership in the areas of multi-service offerings, flexibility and transparency in business models, and success with HR policies like ‘Employee First’ are contributing to our demonstrated track record of high value, cost effective partnerships."

"This a significant win for HCL as it leverages our vast domain and deep technology expertise," said Ravi Reddy, Vice President and Head of Enterprise Consulting Services Division at HCL America, "Ajai Kumar, Relationship Manager for the GE Account, and all of HCL are proud of this development with GE and we look forward to adding value to GE’s development model."

Source : Equity Bulls

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