HYDERABAD: Tech major Qualcomm will set up up a campus in Hyderabad at an investment of $400 million (about Rs 3,000 crore), which will be its largest facility outside of the United States, the Telangana state government announced on Saturday.
“Qualcomm will be investing USD 400 million (Rs 3,000 crore) to set up their campus in Hyderabad, Telangana. This is one of the largest investment by a marquee company after the formation of the state,” it said in a release.
The phase-1 of the project will include a built-up space of 1.7 million sqft, housing about 10,000 employees.
Qualcomm hopes to start its work in 2019. Qualcomm already has a presence in India in Hyderabad, Bengaluru, and Chennai.
The delegates from the US-headquartered telecommunication equipment maker met the state’s Minister for IT and Industries K.T. Rama Rao to discuss their growth plans in the city, according to a Ministry statement.
Qualcomm joins the elite list of companies that have their largest presence globally outside of their headquarters in Hyderabad, Rama Rao said in the statement.
“We have Apple, Amazon, Google, Microsoft, Facebook and now Qualcomm. This list will only increase as they are a few more in the pipeline that we are working actively with. This is indeed a big boost to the state of Telangana, as well as to the electronics, and semiconductors industry…,” he said.
[source_without_link]IANS[/source_without_link]