Apple to launch development centre in Hyderabad on May 19

Image
IANS Hyderabad
Last Updated : May 17 2016 | 7:29 PM IST

US technology giant Apple Inc will launch its development centre here on Thursday, officials said.

The facility will commence operations on one lakh square feet leased space in WaveRock, a building owned by real estate giant Tishman Speyer at Nanakramguda.

However, it was not confirmed if Apple CEO Tim Cook will be present to inaugurate the company's first development centre in India.

Cook is expected to visit India later this week and will meet Prime Minister Narendra Modi in New Delhi. He is also expected to visit Mumbai and Hyderabad.

While officials in Telangana government's information technology department confirmed that the facility will be launched on Thursday, it has not made any official announcement.

"Will share a big news with you all day after tomorrow. Suspense till then," tweeted state IT minister K.T. Rama Rao.

The US-based firm, which owns iPhone, iPad and other popular consumer electronic brands, plans to expand the facility to 2.5 lakh square feet by next year. It will have 2,500 employees, sources said.

The company, which has taken the space on lease at WaveRock, is also planning to build its own campus.

Telangana Chief Minister K. Chandrasekhar Rao or his son IT minister K. T. Rama Rao may make an announcement for allocation of land to Apple for its campus.

Cook is also expected to meet Andhra Pradesh Chief Minister N. Chandrababu Naidu, who is trying to attract big ticket investments for his state.

--IANS

ms/vd

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 17 2016 | 7:20 PM IST

Next Story