Telangana nurturing GCC ecosystem well: Experts
3 weeks, 6 days ago

Telangana nurturing GCC ecosystem well: Experts

Deccan Chronicle  

Hyderabad:Hyderabad is rapidly establishing itself as a premier destination for Global Capability Centres, driven by proactive government policies and a strong talent pool, said industry leaders. Siva Kumar Padmanabhan, managing director and head of Global Innovation Technology Centre, AstraZeneca India, echoed this sentiment, highlighting Hyderabad’s growing appeal for global enterprises. Mohit Dhingra, managing director and head of business insights and technology, Bristol Myers Squibb, pointed out that Hyderabad’s vibrant ecosystem allows companies to operate at a global scale. Hyderabad’s ecosystem enables this by providing a high quality of life and professional growth opportunities,” said Phani Mitra B, global CIO and CDO, Dr. Reddy’s Laboratories. “Even with functional teams spread across different locations, Hyderabad’s ecosystem enables efficient cross-team collaboration, helping accelerate common business initiatives,” he stated Rajiv Onat, India head, digital technology and engineering, Regeneron, acknowledged Telangana’s role in creating a sustainable and scalable GCC hub.

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History of this topic

McDonald’s chooses Hyderabad to set up global capability centre with 2,000 people
6 days, 9 hours ago

McDonald’s chooses Hyderabad to set up global capability centre with 2,000 people

The Hindu  

McDonald’s has chosen Hyderabad to set up its global capability centre with an initial headcount of 2,000 people, Telangana Chief Minister A. Revanth Reddy’s office said after the American fast food restaurant chain’s top executives met him in Hyderabad on Wednesday. “In a meeting with McDonald’s Chairman and CEO Chris Kempczinski, who was accompanied by President Global Business Services Skye …

Agilisium aims to make Hyderabad its largest centre
3 weeks, 6 days ago

Agilisium aims to make Hyderabad its largest centre

Deccan Chronicle  

Hyderabad: Agilisium, a data insights provider to the life sciences industry, said it will recruit about 2,000 people in Hyderabad for its Life Sciences Innovation and Talent Development Lab that it launched a few months ago here. Currently it has just over 100 people but it is hopeful of increasing the numbers on the back of demand coming from life …

$15 billion projects proposed to transform Hyderabad into a global city: IT Minister
1 month, 1 week ago

$15 billion projects proposed to transform Hyderabad into a global city: IT Minister

The Hindu  

Telangana government will invest $15 billion on a slew of projects to transform Hyderabad into a global city of excellence with long term sustainability at heart, IT and Industries Minister D. Sridhar Babu said on Thursday. ft. building at Microsoft India Development Centre campus here by the Chief Minister, said that the $15 billion investment forms part of the Telangana …

Telangana IT Minister Sridhar unveils vision for GVCs to transform Hyderabad into tech hub
1 month, 1 week ago

Telangana IT Minister Sridhar unveils vision for GVCs to transform Hyderabad into tech hub

New Indian Express  

HYDERABAD: IT and Industries Minister D Sridhar Babu has announced the introduction of Global Value Centres, a groundbreaking initiative to elevate Hyderabad from a back-office powerhouse to a leader in global technology and innovation. GVCs will make Telangana indispensable in the global value chain, driving disruptive IP creation, deep-tech research, and high-impact product development,” said minister Sridhar Babu during his …

Telangana ready to share expertise with Bahrain in fostering innovation
1 month, 2 weeks ago

Telangana ready to share expertise with Bahrain in fostering innovation

The Hindu  

Telangana government as part of its commitment to share expertise and best practices in fostering innovation and entrepreneurship is ready to support Bahrain in setting up world-class institutions such as the Skills University, T-Hub and T-Works, IT and Industries Minister D. Sridhar Babu said on Tuesday. Thanking them for the invitation, he reiterated Telangana’s support in facilitating the establishment of …

Telangana pursuing bold vision, boundless ambition to shape into tech powerhouse: IT Minister
1 month, 2 weeks ago

Telangana pursuing bold vision, boundless ambition to shape into tech powerhouse: IT Minister

The Hindu  

Telangana is pursuing a bold vision to emerge as a technology powerhouse and top exporter of IT products and services from the country, Minister for IT and Industries D. Sridhar Babu said on Tuesday. “Our vision is bold and ambitions boundless,” he told the 32nd annual conference and awards programme of Hyderabad Software Enterprises Association with ‘AI & Beyond: Redefining …

Mortgage tech firm Dark Matter opens GCC, to triple headcount to 2,250 by 2027
1 month, 3 weeks ago

Mortgage tech firm Dark Matter opens GCC, to triple headcount to 2,250 by 2027

The Hindu  

Perseus Group of Constellation Software portfolio firm focused on Artificial Intelligence-driven solutions for mortgage banking industry Dark Matter Technologies on Friday formally opened a 1.4 lakh sqft global capability centre in Hyderabad. “With five of the world’s top BFSI GCCs, including Wells Fargo, Goldman Sachs and now Dark Matter, we are scripting a new narrative of tech-led growth,” Mr. Sridhar …

Swiss banking major UBS to double presence in Hyderabad, onboard 1,800 more people at GCC
2 months ago

Swiss banking major UBS to double presence in Hyderabad, onboard 1,800 more people at GCC

The Hindu  

Swiss banking giant UBS will expand its global capability centre in Hyderabad and onboard an additional 1,800 employees over the next two years. The move aligns with the State’s vision of fostering long-term economic growth and positioning Telangana as a global leader in IT and business services, the Minister’s office said on Saturday in a release on the meeting on …

Telangana keen to compete with global cities, says Revanth
2 months ago

Telangana keen to compete with global cities, says Revanth

Deccan Chronicle  

Hyderabad: Chief Minister A. Revanth Reddy on Wednesday expressed Telangana's aspiration to compete globally in development while maintaining cordial relations with neighbouring states. Sharing the stage with Andhra Pradesh Chief Minister N. Chandrababu Naidu and Maharashtra Chief Minister Devendra Fadnavis at the “Country Strategic Dialogue” roundtable meeting held under the auspices of the WEF in Davos, Revanth Reddy stressed the …

Telangana has potential to be part of global semiconductor supply chain
2 months, 2 weeks ago

Telangana has potential to be part of global semiconductor supply chain

The Hindu  

With global semi-conductor supply chain complex interconnected at many levels, Telangana must leverage its unique strengths to integrate seamlessly into it, well-known author and professor at the Fletcher School, Tufts University, Chris Miller said. Mr. Miller’s latest book “Chip War: The Fight for the World’s Most Critical Technology” is a New York Times bestseller and a winner of the Financial …

Hyderabad Is Ideal for Semiconductor Industry, Says Sridhar Babu
2 months, 2 weeks ago

Hyderabad Is Ideal for Semiconductor Industry, Says Sridhar Babu

Deccan Chronicle  

Hyderabad: Hyderabad offers a conducive ecosystem for the semiconductor and allied industries due to a skilled talent pool, stated Telangana’s IT and industries minister Duddilla Sridhar Babu during a meeting with representatives of the PTW Group’s Asia division on Monday. He also emphasised the government’s focus on creating a semiconductor cluster in Hyderabad to attract more investments in this critical …

Hyderabad on the global growth path: CM Revanth at APTA meet
2 months, 3 weeks ago

Hyderabad on the global growth path: CM Revanth at APTA meet

Deccan Chronicle  

HYDERABAD: Chief Minister A. Revanth Reddy stated that Hyderabad is on the global growth path, driven by a series of major infrastructure and developmental projects initiated by the Congress government. Addressing the American Progressive Telugu Association global business conference held here on Saturday, the Chief Minister stressed Hyderabad's transformation into a global city and its potential as a hub for …

Hyderabad well positioned to emerge as global hub for AI sector, GCCs, says Minister for IT
3 months, 2 weeks ago

Hyderabad well positioned to emerge as global hub for AI sector, GCCs, says Minister for IT

The Hindu  

With its robust infrastructure and rich pool of skilled human resources Hyderabad is poised to emerge as a global hub for the Artificial Intelligence sector and global capability centres, Minister for Industries and IT D. Sridhar Babu said here on Tuesday. The Minister, who was speaking at the signing of a bilateral trade partnership agreement between the US-India Business Council …

Seats of Learning, PSUs, Policy Continuity Placed Hyderabad on Global Map: Author
3 months, 3 weeks ago

Seats of Learning, PSUs, Policy Continuity Placed Hyderabad on Global Map: Author

Deccan Chronicle  

Hyderabad: Hyderabad’s evolution into a global city is rooted in its early emphasis on knowledge creation, industrial base and decades of consistent government policies, observed Dinesh Chandra Sharma, journalist and author of Beyond Biryani: The Making of a Globalised Hyderabad. Speaking at an interactive session at Osmania University’s department of journalism and mass communication, his alma mater, on Tuesday, Sharma …

Telangana got Rs 36K cr funds in 1 year: Sridhar Babu
4 months, 1 week ago

Telangana got Rs 36K cr funds in 1 year: Sridhar Babu

Deccan Chronicle  

Hyderabad: Telangana attracted investments worth Rs 36,000 crore through 140 projects in the life sciences sector during the past year, said IT and industries minister D Sridhar Babu on Thursday. To continue the momentum, the minister said, the government would introduce a dedicated life sciences policy, which will streamline processes, attract more investments, foster innovation, and drive sustainable growth across …

How GCCs are redefining innovation
5 months, 3 weeks ago

How GCCs are redefining innovation

Hindustan Times  

India's economic rise in recent decades can be attributed in part to a powerful force: Global Capability Centres. By establishing centres in tier-2 and tier-3 cities like Ahmedabad, Mysuru, Vadodara, Nashik, Tirunelveli, Bhubaneswar, and Coimbatore, GCCs are fostering balanced development across India. With projections indicating a potential revenue of $80 billion and an employee base exceeding 2 million professionals by …

How GCCs are redefining innovation
5 months, 3 weeks ago

How GCCs are redefining innovation

Hindustan Times  

India's economic rise in recent decades can be attributed in part to a powerful force: Global Capability Centres. Technology {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} India's vast pool of skilled professionals, estimated at over 5.4 million in the IT industry alone, initially made it a magnet for GCCs. With projections indicating a potential revenue of $80 billion and an employee base exceeding …

5 factors that make Bengaluru and Hyderabad leading hubs for global capability centres
6 months, 1 week ago

5 factors that make Bengaluru and Hyderabad leading hubs for global capability centres

Hindustan Times  

Bengaluru and Hyderabad collectively accounted for over 60% of the office leasing undertaken for GCCs across the top six cities in India between 2022-H1 2024, as per a recent report by property consultancy CBRE. 5 factors that make Bengaluru and Hyderabad leading hubs for global capability centres A report by real estate consultant Colliers, also found that the average transaction …

Zf Lifetec Announces New GCC in Hyderabad
6 months, 1 week ago

Zf Lifetec Announces New GCC in Hyderabad

Deccan Chronicle  

Hyderabad: Cementing Telangana’s position as a global technology and innovation hub, IT and industries minister D. Sridhar Babu on Thursday inaugurated ZF Lifetec’s Global Capability Centre in Hyderabad. ZF Lifetec’s new GCC in Hyderabad is a major milestone in our goal to make Telangana a global leader in technology and manufacturing. We can serve global engineering needs out of India …

Sanofi announces to invest Rs 3,600 crore in Hyderabad GCC by 2030
8 months, 1 week ago

Sanofi announces to invest Rs 3,600 crore in Hyderabad GCC by 2030

Deccan Chronicle  

Hyderabad: Close on the heels of medical devices player Medtronic announcing the setting up of its global capacity centre in Hyderabad, Paris-based pharmaceutical and healthcare major Sanofi on Wednesday announced plans to invest €400 million in its Hyderabad global capacity centre by 2030. Speaking after inaugurating Sanofi Healthcare India’s expanded GCC facility at Hitec City, IT and industries minister D. …

Karnataka to launch India’s first GCC policy soon
8 months, 1 week ago

Karnataka to launch India’s first GCC policy soon

New Indian Express  

BENGALURU: Karnataka will soon be launching the country’s first Global Capability Centres policy aiming at hosting more than 15% of world’s top Forbes 2000 enterprises by 2030. This will help create over one million jobs in different sectors, according to Karnataka’s GCC Landscape Report. The report was released here on Monday by Priyank Kharge, Minister for IT-BT and Rural Development …

Karnataka to unveil country’s maiden GCC policy soon
8 months, 1 week ago

Karnataka to unveil country’s maiden GCC policy soon

The Hindu  

Karnataka currently is home to 570 Global Capability Centres with a 2x enterprise-ready talent compared to any other location in the country. By 2030, Karnataka could host around 330 Forbes 2000 enterprises, and the trend would be driven by India’s increasing prominence as the global GCC hub, according to a report. According to the Karnataka GCC Landscape Report, Bengaluru remains …

TG's FDI inflows double to $3 billion, Congress government outperforms BRS in attracting investments
9 months ago

TG's FDI inflows double to $3 billion, Congress government outperforms BRS in attracting investments

Deccan Chronicle  

Hyderabad: Telangana has received $3 billion worth Foreign Direct Investment in the financial year 2024, which doubled the investment that the state received in the previous financial year, trailing only to Gujarat. Chief Minister A. Revanth Reddy's strategic promotion of Telangana as a premier investment destination, notably during the World Economic Forum summit in Davos in January this year, has …

Our goal is to make Hyderabad centre of investment: Minister Uttam Kumar Reddy
10 months, 1 week ago

Our goal is to make Hyderabad centre of investment: Minister Uttam Kumar Reddy

New Indian Express  

HYDERABAD: Civil Supplies and Irrigation Minister N Uttam Kumar Reddy said that Hyderabad would be transformed into a “truly global investment destination”, competing with the world’s top metropolises. Nearly 70 developers showcased around 75,000 IGBC green certified/Pre-Certified projects, green products, technologies, and services apartments spread across 16-17 crore square feet, with an expected turnover of Rs 1 lakh crore. Our …

Congress Aims to Transform Hyderabad into Global Investment Hub: Uttam
10 months, 1 week ago

Congress Aims to Transform Hyderabad into Global Investment Hub: Uttam

Deccan Chronicle  

: Civil supplies and irrigation minister N. Uttam Kumar Reddy said that the Congress government would transform Hyderabad into a global investment destination, competing with the world's top metropolises.Speaking after inaugurating the IGBC Green Property Show 2024 at Hitex on Friday along with industries and IT minister Duddilla Sridhar Babu, Uttam Kumar Reddy stated that the Congress government aimed to …

GCCs will Grow in Hyderabad, India: EPAM President of EU and APAC
11 months, 2 weeks ago

GCCs will Grow in Hyderabad, India: EPAM President of EU and APAC

Deccan Chronicle  

India is poised to see a substantial number of new global capability centres coming up in two years. The factors that will drive this growth include global leadership from India, evolution of service offerings, scaling up of infrastructure and innovation ecosystems and acceleration of advanced technologies like AI. Currently, Hyderabad represents its largest location in India with more than 3,000 …

Telangana attracts more investments, partnerships from US
1 year, 10 months ago

Telangana attracts more investments, partnerships from US

Deccan Chronicle  

San Francisco/Hyderabad: Telangana attracts more investments from US-based companies late Monday evening as digital transformation services and solutions company, Grid Dynamics Holdings Inc., and investor in digital infrastructure real estate data center assets, Equity Partners, have announced their investments and expansion plans. The additional investment in Hyderabad operations was announced after a meeting in San Francisco, between chairman, Grid Dynamics, …

Growth model of Telangana is an idea whose time has come: KTR
1 year, 10 months ago

Growth model of Telangana is an idea whose time has come: KTR

The Hindu  

Telangana has undergone a revolutionary transformation in just nine years, since its formation, to become a pioneer with an emphasis on addressing fundamental problems and substantively fast-tracking growth across a number of sector, Minister for Industries and IT K. T. Rama Rao told a conference in London. On account of “what we did in irrigation, farmers welfare and other reforms, …

BioAsia 2023: Working to position Hyderabad as ‘Health-tech Mecca,’ says KTR
2 years, 1 month ago

BioAsia 2023: Working to position Hyderabad as ‘Health-tech Mecca,’ says KTR

Deccan Chronicle  

Hyderabad: Industries minister K.T. Addressing the inaugural session of the 20th edition of BioAsia 2023 at HICC here on Friday, Rao said that with technology and artificial intelligence driving transformative changes in the way diseases are diagnosed and healthcare delivered to patients, the state government is working on a program to position Hyderabad as the ‘Health-tech Mecca’ of the world. …

US-based Grid Dynamics to have unit in Hyderabad
2 years, 10 months ago

US-based Grid Dynamics to have unit in Hyderabad

Deccan Chronicle  

HYDERABAD: Grid Dynamics Holdings, a US-based digital transformation services and solutions company on Monday announced plans to set up operations in Hyderabad as part of its ongoing global expansion. CEO Leonard Livschitz along with Rajeev Sharma, chief technology officer, Vadim Kozyrkov, senior vice president-delivery, Rahul Bindlish, vice president-sales and partnerships and Oksana Livschitz, director-learning and development, as also IT principal …

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