Charles Schwab selects Hyderabad to set up India's first technology developemnt centre
Financial services giant Charles Schwab is set to open its first Technology Development Center in India, choosing Hyderabad over other global cities.
- Telangana
NewsTAP Bureau- Updated On:8 Aug 2024 11:32 AM IST
DALLAS: Charles Schwab, a global leader in financial services, has selected Hyderabad for its first technology development centre in India.
The announcement follows high-level discussions between Telangana Chief Minister A Revanth Reddy, IT Minister Sridhar Babu Duddhilla, and senior Schwab executives, including Dennis Howard and Rama Bokka, at the company's world headquarters in Dallas, Texas.
Chief Minister Revanth Reddy and IT Minister Sridhar Babu have pledged their support to facilitate a smooth setup process for Schwab in Hyderabad, ensuring the company has access to the skilled workforce required for rapid growth.
Schwab executives expressed confidence in their decision, praising the proactive approach of the Telangana Government. They view this positive engagement as a strong foundation for a successful partnership.
Pending final approvals, Charles Schwab will release further details about the new technology centre and dispatch a team to India to formally establish the Schwab Technology Centre in Hyderabad.
