HCL Technologies has announced that it is set to create 10,000 jobs in US and Europe in the next five years.

The company has announced a series of initiatives around building Glocal Centres of Excellence (GCoE) that will create these positions and help fulfill its goal as a socially responsible business.

The global IT services provider recognises the need to positively impact the communities through local job creation and development of an ecosystem to support and encourage innovation.

"As our unique Employees First culture has continued to grow and evolve, we've seen more and more HCL employees expressing the desire to see a truly socially responsible business model," said Vineet Nayar, vice chairman & CEO, HCL Technologies.

"Clearly, the need of the hour is growth and employment and we believe that this initiative will create unique business value for HCL while generating sustainable employment in local economies for years to come. It will need significant collaboration of all stakeholders. However, we do believe that it can be done and we are committed to backing this programme with all our resources and best intent."

HCL has pledged to run dedicated recruitment and training programmes for college graduates and provide platforms for developing an IT skill pool in local communities. The company has announced its plans to work with 12 universities to offer a six month elective course on technology and management.

It will also encourage innovation through contests such as the HCL-M-Prize, created in association with author and London Business School professor Gary Hamel's Management Innovation eXchange (MIX).

HCL's technology partners have also agreed to provide relevant training in upcoming technologies. Moreover, HCL is working closely with government agencies to enlist their support in developing these ecosystems.