UBS Expands Presence in Hyderabad with 1,800 New Jobs
In a groundbreaking move, Swiss banking giant UBS is set to double its global capability centre (GCC) footprint in Hyderabad, India. This expansion plan includes the creation of a whopping 1,800 new jobs over the next two years, signaling a significant investment in the region’s economy.
The Why Behind the Expansion
UBS aims to bolster its finance and operations functions by tapping into the abundant talent pool available in Hyderabad. This decision reflects the city’s reputation for offering top-tier talent, state-of-the-art infrastructure, and a thriving innovation ecosystem supported by government policies.
Key Players and Their Perspectives
The announcement of this expansion was made by UBS India chairman and head of group real estate and supply chain, Harald Egger. He highlighted the strategic importance of Hyderabad in driving UBS’s growth and contributing to the economic development of the region.
Telangana’s IT & industries minister, Duddilla Sridhar Babu, emphasized the confidence global businesses have in Hyderabad’s infrastructure and talent. He sees the growth of UBS’s operations in the city as a testament to the state’s commitment to becoming a hub for GCCs and a leader in the digital economy.
Hyderabad’s Rise as a GCC Hub
With 11% of India’s GCCs already based in Hyderabad, the city is solidifying its position as a preferred destination for global companies looking to establish a presence in India. The continued growth of GCCs in Hyderabad not only creates new job opportunities but also propels the digital economy forward.
Impact on Telangana’s Economic Landscape
Telangana’s IT exports have surpassed $30 billion, indicating the state’s remarkable growth trajectory in the technology sector. As UBS expands its operations in Hyderabad, it contributes to the state’s vision of being an investment-friendly, technology-driven, and future-ready destination for businesses worldwide.
As we witness UBS’s ambitious plans to grow its presence in Hyderabad, it’s clear that the city’s allure as a tech and finance hub continues to attract global players. This expansion not only brings job opportunities but also showcases Hyderabad’s potential to be a key player in the global economy.
