HCL Technologies (NSE:HCLTECH) has opened a Global Technology Center in Gujarat's GIFT City to deliver AI-led solutions to global financial services clients, according to a Friday exchange filing.

The center will also serve as a hub for developing next-generation technology solutions and talent.

HCLTech said it signed memoranda of understanding with the Indian Institute of Technology Gandhinagar and Gujarat Technological University to advance research in artificial intelligence for financial services, software development and skills training.

GIFT City, the Gujarat International Finance Tec-City, is India's operational international financial services center, developed under Prime Minister Narendra Modi's government to compete with global financial hubs.