Telangana IT and Industries Minister D Sridhar Babu on Monday announced that the State has set an ambitious goal of establishing 120 Global Capability Centres (GCCs) within the next year, creating nearly 1.2 lakh jobs.

Speaking at the inauguration of the Vanguard New India Global Value Centre (GVC) at Knowledge Park, Hitec City, the Minister said that Hyderabad has emerged as a hub of trust, integrity and innovation, attracting leading multinational firms. Deputy Chief Minister Mallu Bhatti Vikramarka was also present on the occasion.

“Vanguard — one of the world’s largest investment management companies, with over $6.4 trillion in assets under management — choosing Hyderabad for its Global Value Centre reflects the city’s talent, stability and global competitiveness,” he said, according

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