Qualcomm will set up a campus in Hyderabad for an investment of $400 million (about Rs 3,000 crore), which will be its largest facility outside the United States, the state government of Telangana announced on Saturday. Phase 1 of the project will include 1.7 million square feet of built space, accommodating approximately 10,000 employees.
Qualcomm hopes to start work in 2019. Qualcomm is already present in India in Hyderabad, Bengaluru, and Chennai.
Delegates from the US-based telecommunications equipment manufacturer met with the Minister of Information Technology and Industry, K.T. Rama Rao to discuss his plans for growth in the city, according to a statement from the ministry.
Qualcomm joins the list of elite companies with the largest global presence outside their headquarters in Hyderabad, Rao said in its statement. “We have Apple, Amazon, Google, Microsoft, Facebook and now Qualcomm.
This list will only get longer as they are a little more developing with which we are actively working. This is indeed a boost for the state of Telangana, as well as for the electronics and semiconductors industry…, “he said.