Charles Schwab Plans Technology Development Center In Hyderabad

DALLAS, TX (IANS) – Charles Schwab, a global leader in financial services, has chosen Hyderabad as the prospective location for its first Technology Development Centre in India.

The decision followed discussions between Telangana Chief Minister A. Revanth Reddy, IT Minister D. Sridhar Babu, and senior Schwab executives, Dennis Howard, Rama Bokka and others at Charles Schwab’s world headquarters here.

Schwab’s executives have expressed confidence and enthusiasm and appreciated the proactive support from the government as a promising indicator of a successful collaboration.

Charles Schwab is currently awaiting the final approvals for announcing detailed insights into the upcoming center and delegating a team to India for officially establishing the Schwab Technology Centre in Hyderabad.

In Dallas, Revanth Reddy along with his ministerial colleagues paid homage to Mahatma Gandhi at the statue.

A delegation from Telangana headed by the Chief Minister and IT minister is currently on a week-long visit to the US to mobilize investments.