Deutsche Börse to set up GCC in city
German Consul General Michael Hasper calls on Telangana CM A Revanth Reddy at Secretariat on Tuesday
Will generate 1K jobs in next 2 yrs; CM Revanth Reddy seeks German support in making Hyd global innovation hub
Hyderabad: Telangana Chief Minister A Revanth Reddy has sought Germany’s support for the vision to develop Hyderabad as a global innovation hub. Telangana seeks a strong partnership with Germany in key investment areas, including IT, pharma, and automobiles, he said when a delegation led by German Consul General Michael Hasper called on him here on Tuesday. The German delegation informed the Chief Minister that Deutsche Börse, a leading global financial services company, is launching its Global Capability Centre (GCC) in Hyderabad as part of its expansion plans.
The Chief Minister expressed his gratitude to the German team for choosing Hyderabad as the destination for setting up the GCC. He assured that the Telangana government would extend full support and cooperation for all future German investments in the state.
According to the Chief Minister’s Office, the German representatives briefed the Chief Minister that with the establishment of Deutsche Borse’s GCC, about 1,000 new employment opportunities will be created in the IT sector in Hyderabad over the next two years.
