Hyderabad is emerging as a key investment destination for the banking and financial services industry in India stated K Taraka Rama Rao the Minister for IT and Industries.
This is, on account of Telangana State’s success in establishing a vibrant ecosystem of global capability centres that attracts the best talent explained the Minister.
Goldman Sachs is among the few global investment banks that have opened a new office in Hyderabad amid the global pandemic,” Rama Rao said. KTR added that he was also impressed with Goldman Sachs’ focus on driving an inclusive work environment and their support to the communities in Telangana and across India.
There are about 1.8 lakh people working in the BFSI segment here. “The company said it will have 2,500 people working for it by 2023 in Hyderabad he added.
But I am sure the company will reach that figure in about a year’s time or so, much ahead of their set target. I am sure the company will make a request soon for expansion,” the Minister said.
KTR asked Goldman Sachs to work with State incubators T-Hub and We-Hub to nurture innovation and also foster entrepreneurship. KTR also said State’s Telangana Academy of Skills and Knowledge can also be roped in for imparting specific skills.
