HCL to hire 300 engineers by 2012

With a view to tapping the growing IT market in Latin America which is expected to be over 25 billion dollars by 2012, IT firm HCL Technologies (HCL) today announced the official opening of a new global IT development center in Brazil, and plans to hire over 300 engineers by 2012.

Brazil is the leading country in IT services spending in Latin America, accounting for more than 40 per cent of the overall IT spending in the region. This center compliments HCL's operations in Sao Paulo and will offer a range of services, including enterprise application services, custom applications development and maintenance, and remote infrastructure management to clients primarily in Latin America, North America and Europe, it said in a statement.

The company expects to hire over 300 engineers to work at the center by 2012, it added. ''Brazil offers the perfect balance of cost savings and talent base that allows HCL to serve clients not only in this fast-growing region, but also in the US and Europe,'' said Shami Khorana, president, HCL America, a wholly-owned subsidiary of HCL.

With this center, the firm will service a growing number of its clients and prospects in the financial services, insurance, healthcare and pharmaceutical, public sector and manufacturing industries.