HCL Technologies formalizes its installation in Morocco, signing a memorandum of understanding

Photo credit: DR

Deputy Minister for Digital Transition and Administrative Reform Ms Ghita Mezzour and Indian IT giant Hindustan Computers Limited (HCL Technologies) President Roshni Nadar Malhotr presided over the signing ceremony of a memorandum of understanding on the realization of an investment project in Noida, India, on Saturday in Morocco.

This is the formalization of the Indian’s installation, which we revealed had already founded a subsidiary at the end of March. The new structure is substantially owned by the English branch of the HCL Technologies UK group, with a residual equity interest in an offshore structure, HCL Bermuda Ltd. Management is led by a former member of the House of Representatives, Shiv Kumar Walia, previously Executive Vice President Finance – Global FP&A and Business Operations at HCL Technologies, but also Sundaran Sridharan, who heads the Singapore entity HCL Singapore Pte. GmbH.

On the fringes of the Davos Forum, the management of HCL Technologies also met with Mohcine Jazouli, who represents the head of government and is the delegated minister responsible for investment, convergence and the evaluation of public policies.

In Morocco, the HCL Technologies project aims to create thousands of high value-added jobs in the outsourcing sector, particularly in coding, software and IT services.

HCL Technologies therefore plans to set up a “delivery center” in Morocco with the aim of providing high value-added technological services to its global customers, according to a press release from the Ministry of Digital Transformation and Reform Management. The company also intends to invest in training and upskilling of Moroccan digital talents, the same source said.

This strategic initiative by HCL Technologies will allow it to expand its manufacturing and supply capabilities on a global scale, building on the Kingdom’s strategic position of geographical proximity to Europe and its status as a gateway to the rest of the African continent, as well as its Connectivity and the wealth of Moroccan IT talent.

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