Series Of Investments In Hyderabad Promise More Job Opportunities

As major companies from around the world look to foray with investments in Telangana's IT hub, Hyderabad, It appears that the state is committed to infrastructure, capital appreciation and manpower resources leading to the creation of a fluid job market.

Here is a look at the global companies recently announcing major investments in Hyderabad which hold a promise to create more jobs across diverse sectors.

State Street, one of the World's largest asset management companies with over $40 trillion under its custody, is expanding in Hyderabad by adding 5,000 new jobs.

The company will be hiring for some jobs under AI augmentation, Data Analytics and emerging technologies along with global roles for Accounting, HR, and others in Hyderabad. With this announcement, Hyderabad becomes the second largest presence for State Street after its Boston Headquarters.

In another announcement, a Bain Capital-owned company, VXI Global Solutions, LLC, a leading provider of customer experience solutions, with a presence in 42 locations across North America, Latin America, Asia, Europe, and the Caribbean, is going to setup a 10,000-employee center.

"Met with Erika Bogar King, Global Chief Human Resources Officer (CHRO) of VXI Global Solutions, as part of the U.S. tour to commemorate this significant collaboration. The entry of VXI marks the beginning of a fruitful partnership between VXI & the Govt. of Telangana", said Kalvakuntla Taraka Rama Rao, Minister for IT, Industries and Municipal Administration, Telangana.

"As one of the fastest-growing privately held business service organizations in the United States, I am confident that the centre as a major player in Hyderabad's #ITES ecosystem, shall contribute in nurturing local talent, fostering innovation, and delivering transformative CX solutions," he added.

Besides these developments, Mondee, a NASDAQ-listed USA-based Tech major, is also going to set up a Technology Centre of Excellence in Telangana, generating employment for about 2000 people. Mondee Holdings is the world’s largest B2B2C travel marketplace and technology innovation company.

With Warner Bros and Flipkart already committed to setting up a centre of excellence and the largest fulfilment centre respectively, the future of investments and jobs in Telangana looks promising.

 *Collated from Kalvakuntla Taraka Rama Rao's LinkedIn Posts