The Swiss major, UBS, will be expanding its Global Capability Center (GCC) in Hyderabad with an addition of 1,800 more employees over next two years.
This was announced Harald Egger, Head Group Real Estate and Supply Chain and Chairman, UBS India following a meeting with Telangana IT and Industries Minister Duddilla Sridhar Babu on the side lines of the TEPA Investment Event organised by Confederation Suisse and Switzerland Innovation at the Zurich Innovation Park on Friday.
The expansion will primarily focus on strengthening UBS’s finance and operations functions, capitalizing on the high-quality talent available in the region and in line with the State Government’s vision of fostering long-term economic growth while positioning Telangana as a global leader in IT and business services.
“As we continue to grow Hyderabad as the country’s foremost hub for Global Capability Centers (GCCs), we are redefining what it means to be an investment-friendly, technology-driven, and future-ready state. Telangana’s IT exports have surpassed $30 billion, and we continue to witness the growth of GCCs in Hyderabad, creating new avenues for employment and driving our digital economy,’‘ Sridhar Babu said in a release on Saturday.
Harald Egger said: “UBS’s decision to double its presence in Hyderabad is mainly driven by the fact that Hyderabad offers the best talent pool, world class infrastructure and the innovation ecosystem actively fostered by supportive government policies. We are pleased to deepen our presence in Telangana, where we can continue to leverage these strengths to drive our growth and contribute to the evolving economic landscape of the region.”
