Hyderabad: GCC growth will play a major role in Telangana’s economy, IT and Industries Minister Duddilla Sridhar Babu said on Thursday. He made the remarks while inaugurating Mars’ 60,000-sq. ft. Global Capability Centre in Gachibowli Financial District. The new facility marks another step in Hyderabad’s expansion as a global technology and innovation hub.
Mars established the centre in collaboration with Genpact. The company owns globally known brands such as Snickers, Pedigree and Royal Canin. The facility expects to employ more than 400 people initially. Moreover, Mars plans to expand its workforce to 1,000 in the coming years.
Sridhar Babu said the State government wanted Hyderabad to move beyond its traditional identity as an IT services destination. Instead, it aims to position the city as a global centre for technology, innovation and a knowledge-driven economy. The government is also working to connect Hyderabad’s IT and IT-enabled services strengths with other industries.
The Minister said GCCs could take up work in technology development, research and development, data analytics, product design, engineering and innovation. As a result, these centres could help industries improve productivity and develop new capabilities. They could also attract investment in emerging sectors and create employment opportunities.
GCC growth to support Telangana Rising 2047 vision
Sridhar Babu said the government had placed technology, industrial development and skill development among the priorities of its Telangana Rising 2047 vision. These areas, he said, would shape the State’s future economy. Furthermore, expanding GCC activities could help Hyderabad strengthen its role in global business and technology operations.
The Mars centre will strengthen the digital, data and artificial intelligence capabilities that support the company’s global operations. Its planned expansion will also create additional employment opportunities in the city.
Mars Chief Financial Officer Claus Aagaard, Genpact representative Tarun Chopra and Emilia B. Smith of the U.S. Consulate General in Hyderabad attended the inauguration.
