Apple To Invest 150cr In Hyderabad : Like other big companies like Google and Microsoft, Apple now investing 150cr in Hyderabad for its first tech dovelopment centre. After applying for single-brand retail licence in India, Apple is now looking at setting up its first large technology development centre and back-office operations in Hyderabad.While Srinivasan called Apple’s plans for Hyderabad the company’s “first offshore technology development centre outside the United States,” Apple operates a number of international facilities, including a site in Cork, Ireland that involves manufacturing, customer care, finance, and global supply chain management. The new centre, reports ZDNet, will be built on 2,50,000 square feet of land in real estate firm Tishman Speyer’s WaveRock facility at Hyderabad’s IT corridor. The amount of money to be pumped in is pegged at $25 million or Rs 150 crore. The report also reveals that this centre will create 4,500 jobs.

Apple To Invest 150cr In Hyderabad
Apple To Invest 150cr In Hyderabad

The tech giant is expected to open its innovation centre in June launch full fledged operations by end of the year. The US-based company is in talks with real estate firm Tishman Speyer for long term lease of around 2.5 lakh square feet of office space on the city outskirts, which could accommodate around 2,500 employees, multiple sources with knowledge of the matter said.

Apple To Invest 150cr In Hyderabad For Its First Technology Development Centre

In 2015, the exhibition featured over 300 exhibitors from across the globe with representatives from all facets of the mobile industry. Exhibiting at Mobile World Congress in 2016 will allow you to showcase your products and services to more than 50,000 decision-makers in a state-of-the-art exhibition facility. By exhibiting, your company can deliver excitement with advanced product demonstrations, industry-changing announcements, and more. India’s Telangana State Technology Services managing director GT Venkateshwar Rao told the site that Apple’s decision to locate facilities in Hyderabad would boost the city’s image as a hub for technology development.

“Microsoft’s Windows 10 was developed in Hyderabad, but it has been a global product now,” Rao said. Both Microsoft and Google have announced plans to invest in India.”Apple has evinced interest to lease the space at Tishman Speyer’s WaveRock facility for ten years to begin with, involving a total expenditure of around Rs 150 crore,” said a property consultant privy to the development. “Apple may at a later date consider asking the Telangana government to allot space for it to build its own campus,” the consultant added.

Earlier this month, there were reports of Apple getting clearance to open retail stores in India too. Department of Industrial Policy and Promotion (DIPP) secretary Amitabh Kant had confirmed about receiving Apple’s application. A report said that the Indian government is planning to push through Apple’s application to set up outlets. “Too early to comment,” said Telangana’s IT & Panchayat Raj Minister K Taraka Rama Rao. Emails to Apple, which opened Europe’s first iOS App Development Centre in Italy, were unanswered.

A senior Telangana bureaucrat confirmed the interest of Apple to locate its IT operations in Hyderabad, but downplayed the matter saying the talks were at an early stage. “Representatives of Apple have met the officials of the industry and commerce ministry recently, evincing interest to lease nearly 2.5 lakh square feet of office space in the Telangana Industrial Infrastructure Development Corporation promoted IT ITes SEZ with Tishman Speyer,” the bureaucrat told ET, requesting anonymity given the sensitivities involved.

Also Microsoft’s chief Satya Nadella has described expanding its existing facilities and further efforts to take advantage of India’s status as the third largest site for startups behind the U.S. and U.K., and Google’s chief Sundar Pichai recently outlined a “huge new campus in Hyderabad” costing $160 million, described as Google’s first campus outside of the U.S and “said to be the biggest in South Asia.” In 2006, Apple announced plans to open a product support center in Bangalore, but abandoned the effort three months later. Apple’s PR chief Steve Dowling said at the time that Apple had “re-evaluated our plans, and have decided to put our planned support center growth in other countries.”

Tishman Speyer has around 65 lakh square feet of office facility in Hyderabad. Pointing out to the millions of jobs that Apple’s ecosystem created across the globe, the Telangana bureaucrat said: “We hope the entry of Apple into Hyderabad would help attract dozens of technology companies into the ecosystem, creating thousands of jobs and sizeable investments.”