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UST Global commits Rs 400-cr investment in Madhya Pradesh

Press Trust of India  |  New Delhi 

US-headquartered IT company UST Global today said it has committed investment to the tune of Rs 400 crore in and will set up its a campus in the state.

The company signed the Memorandum of Understanding (MoU) with the government at an investors roadshow in New York on September 30, 2016.


"We are committing to invest Rs 400 crore in We will be building our own campus that will be spread over an area 10 acres," UST Global Chief Administrative Officer Alexander Varghese said.

Through this investment, the company aims to create jobs in IT, he added.

"We are working with governments across the world in such projects and we are proud to work with the MP government as has a significant number of our employees spread across nine cities," he said.

Under a recent project, UST Global had helped the government conduct the largest ever online exam at a state-level in that covered approximately 10 lakh candidates across 14 cities and 90 colleges.

Sajan Pillai, Chief Executive Officer, UST Global said the alliance firmly establishes the company's vision to be a successful business that uses technology and resources to bring about social transformation.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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