Overview
- German exchange group Deutsche Börse will set up a Global Capability Centre in Hyderabad with at least 1,000 roles projected over the next two years, officials said after a meeting with the chief minister.
- The move follows the inauguration of Vanguard’s Global Value Centre in HITEC City, a technology hub focused on engineering excellence, cloud modernization, data analytics, artificial intelligence, machine learning, and cybersecurity with collaborative innovation labs.
- IT and Industries Minister D. Sridhar Babu set a goal of attracting 120 new GCCs within a year to create nearly 120,000 jobs, citing more than 70 centres anchored last year despite tough global conditions.
- State leaders invited deeper industry–academia collaboration and encouraged Vanguard to explore a campus at the planned Bharat Future City as part of broader efforts to pair investment with local talent pipelines.
- Officials said Hyderabad now hosts operations of seven top global asset managers, while reports noted conflicting figures for Vanguard’s assets under management cited across press materials.