Charles Schwab Chooses Hyderabad for Its First Technology Development Center in India
Charles Schwab, a leading global financial services firm, has selected Hyderabad as the site for its inaugural Technology Development Center in India. This strategic move highlights Hyderabad’s growing significance in the global tech landscape.
The decision follows productive discussions between Chief Minister A. Revanth Reddy, IT Minister Sridhar Babu Duddhilla, and senior Charles Schwab executives Dennis Howard and Rama Bokka at Schwab’s headquarters in Dallas. The Chief Minister and IT Minister have pledged to assist Schwab in navigating the necessary formalities to establish their operations in Hyderabad, ensuring prompt access to the local talent pool for a swift launch.
Schwab’s executives have shown strong confidence and enthusiasm for the project, praising the proactive support from the state government as a positive sign of a successful partnership. The company is currently awaiting final approvals to release detailed plans for the new center and to send a team to India to officially set up the Technology Development Center in Hyderabad. This decision positions Hyderabad as a key location in the global tech sector, reinforcing its appeal as a major hub for international technology development.
