In the years to come, Gujarat will employ a large number of people. Over the next five years, Tech Mahindra plans to employ at least 3,000 employees in the State. In accordance with its IT/IT-enabled services (ITeS) policy, the Indian company providing information technology services has signed a Memorandum of Understanding (MoU) with the Gujarat government to this effect.
With the help of this MoU, Tech Mahindra will be able to improve business operations and adapt to changing customer demands. The Gujarat government has signed approximately 15 agreements thus far under the IT/ITeS programme with a variety of Indian companies as well as numerous international organisations.
If everything goes according to plan, there will be employment prospects in the State for around 26,750 people. Thousands of crores are likely to be invested by Lulu Group International in Gujarat to build Ahmedabad’s largest shopping mall, if media reports are to be believed. The mall being built by the UAE-based Lulu Group is anticipated to get started in the next year.
The Group invested over Rs 2,000 crore in the construction of its mall in Lucknow, Uttar Pradesh, in July 2022 and anticipates that it would directly and indirectly employ more than 15,000 people. Gujarat is also anticipated to see the creation of similar prospects. Not only that, a semiconductor manufacturing facility will be built in Gujarat as a result of a joint venture between Vedanta, an Indian metal-mining company, and Foxconn, Taiwanese electronics manufacturing company. By the time manufacturing begins at the factory in 2025, additional jobs will be available.