Indian conglomerate, Larsen & Toubro Ltd has signed a Memorandum of Understanding with the Gujarat government to set up an IT and IT-enabled Services (ITeS) Park in Vadodara at an investment of ?7,000 crore.
The agreement between L&T and the state government was signed in Gandhinagar in the presence of Gujarat Chief Minister Bhupendra Patel on Wednesday, said a state government release, adding that the company will invest ?7,000 crore over a period of five years to develop this IT-ITeS Park in the district.
The park, being set up under the recently announced IT/ITeS policy of the state government, would create nearly 10,000 direct and indirect employment opportunities during the next five years, it said.
