Deutsche Borse announces GCC in Hyderabad, to provide 1,000 job opportunities

Hyderabad: German company Deutsche Borse will launch its Global Capability Centre in Hyderabad. Chief Minister A Revanth Reddy made the announcement in a meeting with the company’s delegation on Wednesday.

A delegation led by German Consul General Michael Hasper met with CM Revanth. The German team briefed the CM about the GCC, which will be established as part of the Borse company’s expansion. The new facility will provide at least 1,000 job opportunities in the IT sector in the GCC in the next two years, according to the company.

Investments in IT, pharma and automobile

Thanking the German company for choosing Hyderabad to set up the GCC, CM Revanth said that Hyderabad is the best destination for investments and the ‘People’s Government’ is ready to extend full support to the global investors.

CM Revanth urged the German companies to invest in IT, pharma and automobile sectors. The CM reaffirmed that Telangana is ready to strengthen ties with Germany for more investments.

Promoting German language in schools

The CM also appealed to the German team to extend cooperation to promote Hyderabad as an innovation hub. The German Consul General was requested to appoint German teachers in Hyderabad and to help teach the German language to the Telangana students. The CM appealed to the Consul General to provide vocational education and skills development training through the TOMCOM.

Amita Desai, Deutsche Börse CIO/COO Dr Christoph Bohm, CM Special Secretary Ajith Reddy, Vishnuvardhan Reddy, and others were also present in the meeting.