Qualcomm will set up a campus in Hyderabad at an investment of around Rs 3,000 crore (Reuters)
Highlights
- Qualcomm is a world leader in 3G and next-generation mobile technologies
- The company hopes to begin work in India in 2019
- Qualcomm joins the elite list of companies with largest global presence
Qualcomm will set up a campus in Hyderabad at an investment of about Rs 3,000 crore ($400 million), which will be its largest facility outside of the United States, the Telangana state government announced on Saturday.
The phase-1 of the project will include a built-up space of 1.7 million sqft, housing about 10,000 employees.
Qualcomm hopes to start its work in 2019. Qualcomm already has a presence in India in Hyderabad, Bengaluru, and Chennai.
The delegates from the US-headquartered telecommunication equipment maker met the state's Minister for Information Technology and Industries KT Rama Rao to discuss their growth plans in the city, according to a Ministry statement.
Qualcomm joins the elite list of companies that have their largest presence globally outside of their headquarters in Hyderabad, Rama Rao said in the statement.
"We have Apple, Amazon, Google, Microsoft, Facebook and now Qualcomm. This list will only increase as they are a few more in the pipeline that we are working actively with. This is indeed a big boost to the state of Telangana, as well as to the electronics, and semiconductors industry...," he said.