Apple in ‘early talks’ to set up facility in Hyderabad | HT Tech

Apple in ‘early talks’ to set up facility in Hyderabad

Cupertino’s Apple is in early talks phase with the Telangana government to set up a new technology development facility in Hyderabad which would employ nearly 2,500 people

By: HT CORRESPONDENT
| Updated on: Jan 23 2016, 12:11 IST
image caption
Cupertino’s Apple is in early talks phase with the Telangana government to set up a new technology development facility in Hyderabad which would employ nearly 2,500 people (AFP)

Cupertino's Apple is in early talks phase with the Telangana government to set up a new technology development facility in Hyderabad which would employ nearly 2,500 people.

According to an Economic Times report, Apple has been discussing leasing around 2.5 lakh square feet of office space at the outskirts of the city with real-estate company Tishman Speyer.

You may be interested in

MobilesTablets Laptops
7% OFF
Apple iPhone 15 Pro Max
  • Black Titanium
  • 8 GB RAM
  • 256 GB Storage
Google Pixel 8 Pro
  • Obsidian
  • 12 GB RAM
  • 128 GB Storage
34% OFF
Samsung Galaxy S23 Ultra 5G
  • Green
  • 12 GB RAM
  • 256 GB Storage
Apple iPhone 15 Plus
  • Black
  • 6 GB RAM
  • 128 GB Storage

The company, which has been growing its engagements in India, had recently also applied for single-brand retail licence in the country."Apple has evinced interest to lease the space at Tishman Speyer's WaveRock facility for ten years to begin with, involving a total expenditure of around 150 crore," ET tech quoted a property consultant privy to the development as saying.

Also read
Looking for a smartphone? To check mobile finder click here.

"Apple may at a later date consider asking the Telangana government to allot space for it to build its own campus," the consultant added.

The move assumes significance as India's consumer technology market is at an inflexion point. Also, a senior Telangana bureaucrat said that Apple was interested in launching IT operations n Hyderabad but also at the same time iterated that it was at the evaluation stages.

"Representatives of Apple have met the officials of the industry and commerce ministry recently, evincing interest to lease nearly 2.5 lakh square feet of office space in the Telangana Industrial Infrastructure Development Corporation promoted IT ITes SEZ with Tishman Speyer," the bureaucrat was quoted as saying to Economic Times.

The report also confirmed Apple's plans from sources at the development commissioner for the SEZ. "The Apple team made a presentation on January 12 on their proposed investment plans. They are slated to meet the SEZ officials during the second week of February to take the matter forward," ET tech quoted a source as saying.

"Tishman Speyer's WaveRock IT-ITeS special economic zone, which is located near the financial district in Hyderabad's' Gachibouli, has a built-up area of around 25 lakh square feet and can accommodate over 20,000 professionals in all," said the property consultant. Tishman Speyer has around 65 lakh square feet of office facility in Hyderabad.

Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 23 Jan, 12:09 IST
NEXT ARTICLE BEGINS