Hyderabad's Global Tech Hub Booms
Hyderabad's enterprise tech scene is rapidly expanding, with multiple global firms establishing new hubs, including Belgian firm Itineris and US-based Cohere Health. Meanwhile, steel giant ArcelorMittal is hiring over 2,000 for its new Global Capability Centers, and Cygnet.One just acquired a local IT firm to bolster its presence.
The influx of global firms into Hyderabad is part of a larger trend that has seen the city attract 40% of all new Global Capability Centers (GCCs) established in India over the past three years. This rapid expansion is positioning Hyderabad as a direct competitor to Bangalore, with both cities opening 11 new GCCs each in the first half of 2023. The new Cohere Health facility will function as a center of excellence for AI-driven clinical intelligence, housing teams in AI/ML engineering, analytics, and clinical operations. CEO Siva Namasivayam stated the GCC is instrumental in scaling the company's clinically trained AI platform to improve payer-provider interactions and patient outcomes globally. Belgian firm Itineris is launching a Global Technology and Innovation Centre that will scale to 150 professionals within 24 months. The hub will focus on core product development for its AI-powered UMAX and Verity platforms, which serve the energy and water utility sectors in North America and Europe. ArcelorMittal's new GCCs are actively hiring for a range of technology roles, including senior engineers for modern workplace and end-user computing, as well as lead project managers for their PMO. The company's focus is on building a global team to drive innovation and support its worldwide operations in the steel and mining industry. Cygnet.One's acquisition of Connectivity IT Services, a managed IT services firm, immediately adds operational depth and a client base of global enterprises. This move strengthens Cygnet.One's capabilities in managing mission-critical cloud, network, and security operations, expanding its footprint in infrastructure-led projects. The Telangana government has been a key driver of this growth, implementing proactive policies like the ICT Policy 2.0, which aims to double IT/ITES exports and create 1 million tech jobs by 2026. Initiatives such as T-Hub, T-Fund, and frameworks for AI and blockchain provide a robust support system for both startups and established global firms.
