Qualcomm to Invest Rs 3,904 Cr in Hyderabad Operations
India-West Staff Reporter
SAN DIEGO, CA – American multinational Qualcomm will be investing Rs 3,904.55 crore to expand their Hyderabad operations and are planning to inaugurate their second largest campus outside the US in Oct. 2022. The new campus will be spread over an area of 1.572 million square feet in Rayadurgam.
The investment will be made over a period of five years and will lead to an employment generation for about 8,700 software professionals.
The leadership team from Qualcomm comprising CFO, Akash Palkhiwala, VPs James Jean, Laxmi Rayapudi, Parag Agashe, and Senior Director Dev Singh met
Telangana’s Information Technology and Industries Minister K.T. Rama Rao, who is currently on a visit here.
During the meeting, the Telangana government agreed to partner with Qualcomm in areas such as agriculture, Smart Cities, digital education, and connected devices.
KTR, as the minister is popularly known, also met electric vehicle company Fisker Inc’s Chairman & CEO Henrik Fisker, CFO Geeta Fisker, and the management team.
He thanked the leadership team of Fisker for choosing Hyderabad to set up their IT Development Center. The initial headcount of this upcoming center will be 300 IT professionals. (with IANS inputs)
While the UP government is busy in religious activities, southern states have created a pro-business climate capturing a lots of foreign investments.April 3, 2022