LIC-backed Tech Company Announces New AI Cloud Native Lab in Singapore, Strengthening Regional AI Innovation with Singapore Economic Development Board Support
FIIs and DIIs have increased their stake in the September quarter of FY25.
HCLTech, a leading global technology company, has announced the establishment of a new AI/Cloud Native Lab in Singapore, in collaboration with the Singapore Economic Development Board (EDB).
The state-of-the-art lab, set to open in 2025, will become HCLTech’s fifth global AI/Cloud Native Lab, joining others in the United States, United Kingdom, Germany, and India. This new facility aims to empower enterprises across Southeast Asia to accelerate their AI initiatives and harness emerging cloud-native technologies through HCLTech’s suite of advanced AI and Generative AI (GenAI) offerings, including AI Force and AI Foundry.
In partnership with EDB, the lab will provide a collaborative environment where enterprises can explore innovative AI-driven solutions tailored to their specific business needs. Additionally, HCLTech’s Singapore lab will partner with leading educational institutions, Nanyang Polytechnic and Singapore Polytechnic, to help foster AI talent in the region by facilitating knowledge transfer and offering skilling opportunities for both young talent and mid-career professionals.
At an event attended by senior officials from the Ministry of Digital Development and Information of Singapore, the Singapore Economic Development Board (EDB), and academic representatives from Nanyang Polytechnic and Singapore Polytechnic, Roshni Nadar Malhotra, Chairperson of HCLTech, formally announced the lab’s launch plans.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
“Our Labs provide enterprises with a collaborative starting point to develop AI and GenAI-driven blueprints, paving the way for new efficiencies, business capabilities, skilling roadmaps, and competitive advantages,” said Vijay Guntur, Chief Technology Officer and Head of Ecosystems at HCLTech. “We are thrilled to add Singapore to our global network, which will significantly strengthen Singapore’s position as a regional AI innovation hub.”
Enhancing Singapore’s Role in AI Innovation
Singapore has been proactive in positioning itself as a global leader in AI innovation. In 2023, the government launched the Singapore National AI Strategy 2.0, reaffirming its commitment to creating a trusted, responsible AI ecosystem. The strategy’s goals include accelerating AI adoption across sectors like financial services, manufacturing, and SMEs, while fostering a regulatory framework that ensures safe, ethical AI use.
Philbert Gomez, Executive Director of Digital Industry Singapore (DISG), emphasized HCLTech’s contribution to this mission, stating, “DISG has been driving AI adoption across key industries and corporates in Singapore, and HCLTech’s AI Lab is a valuable addition to this effort. We’re pleased to partner with HCLTech to launch this lab, which will equip enterprises with tools to rapidly experiment with and scale AI solutions, unlocking new business value in Singapore.”
Four Decades of HCLTech in Singapore
With over 40 years of operations in Singapore, HCLTech has established a robust presence in Southeast Asia, working with various notable clients across sectors and spearheading numerous technological innovations. Singapore serves as the regional hub for HCLTech’s Southeast Asia operations, where the company has introduced pioneering initiatives, such as Asia’s first Wi-Fi-based patient tracking system, and has collaborated on multiple projects with the Singapore government.
The launch of this AI/Cloud Native Lab aligns with HCLTech’s commitment to empowering businesses in Singapore and Southeast Asia with cutting-edge AI solutions, helping the region’s enterprises become future-ready. As HCLTech continues to expand its global AI and cloud-native capabilities, the new Singapore lab will play a vital role in shaping the next generation of AI-powered business solutions across the region.
Currently, while writing the article the company’s shares are trading at around Rs 1758.25 each flat compared to Friday’s closing price. FIIs and DIIs have increased their stake in the September quarter of FY25.
Disclaimer: The article is for informational purposes only and not investment advice