Charles Schwab to Launch Technology Hub in Hyderabad

US financial giant Charles Schwab is set to establish its first Technology Development Centre in Hyderabad, marking a significant expansion into India’s tech landscape. This decision follows productive discussions between Schwab’s senior executives and a Telangana delegation led by Chief Minister A. Revanth Reddy.

The talks, held at Schwab’s Dallas headquarters, saw Dennis Howard and Rama Bokka from Schwab engaging with the Chief Minister. Reddy assured the firm of government support, including access to skilled talent and operational facilitation, to ensure the centre’s successful setup.

According to a statement from the Chief Minister’s Office, Charles Schwab is now in the process of securing final approvals. Further details about the centre’s operations and the timeline for its official launch will be disclosed once these approvals are in place.

This move underscores Charles Schwab’s commitment to leveraging India’s growing technology sector. The new centre is expected to enhance Schwab’s technological capabilities and contribute to Hyderabad’s growing reputation as a global tech hub.

The establishment of this centre reflects a broader trend of international firms expanding their technological footprint in India, driven by the country’s robust talent pool and dynamic business environment.

News by Rahul Yelligetti