Apple to Invest 150 Crores for a Tech Development Centre in Hyderabad
After big names from the tech-industry like Google and Microsoft, Apple is all set to enter the Indian terrain, and how. The company is starting with a $25 million dollar investment along with about 4,500 potential job openings in Hyderabad. The centre is expected to open by June 2016.
The centre will span an area of 250,000 square feet in the real estate firm Tishman Speyer’s WaveRock facility. This project is expected to cost Apple a whopping Rs.150 crores.Though it will open as early as in June, executions of fully-fledged operations won’t start as late as the end of this year.
This move is a very significant one because Apple has kept its operations confined to mostly the United States so far. Commenting on the same, Jayesh Ranjan, Secretary to IT department in the state of Telangana says,
“It’s a very positive development as Apple has not looked at cities only in India, but across many places in Europe and other parts of the world. Their decision to have the facility in Hyderabad is a strong endorsement of the city as a major IT hub in the country.”
Though Apple has recently announced retail stores in India along with the filing of an official application for the same, this would be the first project where the company becomes an important IT presence in India, inevitably pulling India deeper into the international circuit. Apple had maintained a technology support centre in Bangalore once but it was shut down about a decade ago due to poor quality services. Let’s see what the future holds for this new Apple project in India.