GCCs to drive Telangana’s economic growth: Sridhar Babu

Hyderabad: Industries Minister D Sridhar Babu stated that Global Capability Centres (GCCs) would be important drivers of Telangana’s economic growth, with the State government focusing on expanding their role beyond conventional IT services into technology development, research and development, data analytics, product design, engineering and innovation.

The Minister inaugurated Mars’ new Global Capability Centre at Gachibowli Financial District here on Thursday. Mars is globally known for brands such as Snickers, Pedigree and Royal Canin. The centre has been established in collaboration with Genpact. The new facility is expected to provide employment to over 400 people initially, with the workforce projected to reach 1,000 in the coming years, officials said.

Addressing on the occasion, he said the government was working to position Hyderabad beyond its traditional identity as an IT services destination and develop it into a global hub for technology, innovation and a knowledge-driven economy.

He said the State was focusing on leveraging Hyderabad’s strengths in the IT / ITeS sector and connecting them with other industries to attract investments in emerging sectors and create new employment opportunities. This would enable technology to contribute to innovation, productivity and industrial growth across sectors, he said.