Hyderabad rapidly growing as India’s Silicon Valley says Minister

Hyderabad rapidly growing as India’s Silicon Valley says Minister
Text Size: 100%

DarkMatter Opens Global Capability Centre in Hyderabad

Hyderabad has taken another big step in becoming a global technology hub. DarkMatter India Technologies, part of the Perseus Group under Constellation Software Inc (CSI), has opened its new Global Capability Centre (GCC) in the city. This new center is designed to drive innovation in cutting-edge technologies.

The launch event was attended by top industry leaders and government officials, highlighting Hyderabad’s growing importance on the global tech map. Telangana continues to attract major Fortune 500 companies, strengthening India’s position in the global Artificial Intelligence (AI) revolution.

Advertisement

The new GCC currently employs 750 people and plans to expand its workforce to 2,250 by 2027. The center will focus on advanced areas like AI, machine learning, cloud computing, and cyber security. It aims to support over 1,000 companies across regions like the US, Canada, Africa, and Australia. Hyderabad’s strong mix of talent, infrastructure, and supportive government policies has made it a key destination for such projects.

Also read:  Cyberabad Police Issue Winter Fog Safety Guidelines for ORR and Highways

D Sridhar Babu, Telangana’s Minister for IT, Electronics, and Commerce, called the launch a “watershed moment” for the state. He noted that the city is no longer just known for pearls or its pharmaceutical industry.

“Hyderabad is becoming India’s answer to Silicon Valley in the BFSI (Banking, Financial Services, and Insurance) sector,” he said. “With top BFSI companies like Wells Fargo, Goldman Sachs, and now DarkMatter choosing Hyderabad, we are shaping a new story of technology-driven growth.”

Advertisement
Disclaimer: For article corrections, please email newsdesk@telanganatribune.com or fill out the Grievance Resolution form
Who will be the next CM of Telangana?
KCR / KTR / Harish Rao
Revanth Reddy
Others
Nikhil Reddy Written by Nikhil Reddy

Leave a Reply

Your email address will not be published. Required fields are marked *