NIIT Ltd has informed BSE that NIIT China (Shanghai) Limited, a second level step down subsidiary Company of the Company, has signed a strategic level MOU with Hainan Resort Science & Technology City Development Service Co., Ltd., wherein NIIT will support a large-scale talent development project aimed at creating a Human Capacity infrastructure in the Hainan Province.
This project is approved by China’s National Development and Reform Commission over a 5 year time frame starting 2013, NIIT’s participation in this project will be through creation of trained manpower for Hainan’s IT outsourcing.
The aforesaid MOU is a preliminary understanding at this stage and exact nature of obligations / duties of the parties shall be finalized only subsequently after mutual discussions.
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