The country’s fourth largest software exporter HCL Technologies has said it will create 10,000 local jobs in US and Europe in the next five years.

Terming it a socially responsible business model for growth, HCL Tech vice chairman and CEO Vineet Nayar said the company would create these jobs for fresh engineers through partnerships with educational institutes, local governments, local communities, customers and others in these regions.

The move comes amid the rising anti-outsourcing tirade in the Western markets, particularly the US, which is bracing for elections. US President, Mr Barack Obama, in his State of the Union Address on Tuesday, warned of removal of tax sops for companies that ship jobs out of the US even as he pitched for rewarding companies that create jobs in the US.

"In the context of a rapidly changing world, the expectation from businesses is evolving to balance pursuits of profit with social and individual imperatives in order to create a sustainable growth model," Nayar said.

HCL has started initiatives, led by its investments in building Global Centres of Excellence (GCoEs), running dedicated recruitment and training programmes for college graduates and providing platforms for developing IT skill pool in local communities.

In the months ahead HCL will be working with 12 universities to offer a six-month elective course, as well as workshops on technology and management. HCL’s technology partners will also join hands in this initiative to provide training in upcoming technologies so that the talent deficit in these areas gets addressed. The company is working closely with government agencies to enlist their support in developing these ecosystems.

"HCL is now taking those efforts to the next level by positively impacting the communities through local job creation and development of an ecosystem to support and encourage innovation. This initiative inverts some fundamental operational assumptions of the industry. HCL operates in by changing the prevalent dynamics around cost, skill base and innovation," he added.

"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," he noted.