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Deutsche Borse's Hyderabad Expansion: 1,000 New Tech Jobs Amid Global Push

German financial services major Deutsche Borse is establishing its Global Capability Centre in Hyderabad. The new facility is expected to generate 1,000 job opportunities in the IT sector over the next two years. A German delegation including Consul General Michael Hasper met with Chief Minister Revanth Reddy to discuss expansion plans. The CM assured full government support and encouraged further German investment across multiple sectors.

Key Points: Deutsche Borse Launches GCC in Hyderabad Creating 1000 Jobs

  • German delegation led by Consul General Michael Hasper met CM Revanth Reddy
  • New GCC facility to create 1,000 IT jobs within two years
  • Hyderabad chosen for robust tech ecosystem and business environment
  • CM urged German investment in IT, Pharma and Automobile sectors
2 min read

Germany's Deutsche Borse to launch GCC in Hyderabad, to provide 1,000 job opportunities

German financial giant Deutsche Borse opens Global Capability Centre in Hyderabad, creating 1,000 IT jobs and strengthening Telangana's tech ecosystem.

"Hyderabad is the best destination for investments, and the People's Government is ready to extend full support to the global investors. - CM Revanth Reddy"

Hyderabad, November 4

German financial services major Deutsche Borse is set to launch its Global Capability Centre (GCC) in Hyderabad, reinforcing the city's position as a leading global hub for technology and innovation, said the release.

According to the Telangana CMO statement, the new facility is expected to create at least 1,000 job opportunities in the IT sector within the next two years.

A delegation led by German Consul General Michael Hasper and Deutsche Borse CIO/COO Dr Christoph Bohm met with Telangana Chief Minister A Revanth Reddy and briefed him about the company's expansion plans. The delegation conveyed that Hyderabad was chosen for its robust tech ecosystem and business-friendly environment.

https://x.com/revanth_anumula/status/1985627662011023531

Expressing gratitude to the German company for selecting Hyderabad as its GCC destination, CM Revanth Reddy said that Hyderabad is the best destination for investments, and the People's Government is ready to extend full support to the global investors.

As per the release, CM Revanth Reddy urged the German companies to invest in the IT, Pharma and Automobile sectors. The CM reaffirmed that Telangana is ready to strengthen ties with Germany for increased investment.

The CM also appealed to the German team to extend their cooperation in promoting Hyderabad as an innovation hub. The German Consul General was requested to appoint German teachers in Hyderabad and to assist in teaching the German language to students in Telangana. The CM appealed to the Consul General to provide vocational education and skills development training through the Telangana Overseas Manpower Company Limited (TOMCOM).

Among those present during the meeting were Amita Desai, Deutsche Borse CIO/COO Dr Christoph Bohm, CM's Special Secretary Ajith Reddy, and Vishnuvardhan Reddy.

- ANI

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Reader Comments

R
Rohit P
Excellent move! But I hope these jobs will be accessible to local talent and not just IIT/IIM graduates. The government should ensure proper skill development programs for Telangana students to benefit from these opportunities.
A
Amita Desai
As someone working in the financial sector, Deutsche Borse choosing Hyderabad is a massive validation of our city's growing financial technology ecosystem. This will create ripple effects across the entire economy!
V
Vikram M
The German language training initiative is very forward-thinking. More Indian students should learn German to tap into European job markets. This GCC could be a gateway for many young professionals to work with global financial giants.
S
Sarah B
As an expat working in Hyderabad, I've seen the city's transformation firsthand. The infrastructure, talent pool, and business environment here are world-class. No wonder global companies are choosing Hyderabad over other Indian cities.
K
Karthik V
Hope the government ensures that the local infrastructure keeps pace with this growth. Traffic and public transport need improvement to handle the increasing corporate presence. Otherwise, great development for our state's economy!

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