120 new jobs are to be created by two companies in Dublin and Offaly.

Indian IT firm HCL Technologies is to create 80 jobs in Dublin over the next three years for IT graduates.

The new software delivery centre in Dublin will provide services to the financial services, insurance and healthcare industries.

IDA Ireland chief executive Barry O’Leary said the company had been a major target since the setting up of an IDA office in India.

''This project is a strategic win for Ireland,'' said Mr O’Leary.

''HCL is one of the biggest brand names in the Indian IT sector and IDA is confident that this will be catalyst for further projects from Indian multinationals companies to establish operations in Ireland.''

Elsewhere, manufacturing firm McDonald International has announced the creation of 40 new jobs at its Tullamore manufacturing operation.

Twenty of the new positions will come on line immediately and a further 20 will be rolled out during the next four months.

McDonald International currently employs 40 people at the facility.