CBTEAM
From wearing numerous crowns of the country’s pharmaceutical, startup hubs, and Information technologies to being renowned for its active aerospace and defence ecosystem, Hyderabad on Monday puts its cards to make a mark in the automobile technology sector with one or more global firms choosing th city to set up the shop.
American Automotive aftermarket parts provider Advance Auto Parts joined a long list of the best companies in Hyderabad by opening its Global Capability Centre(GCC) here. This is the second-largest centre outside the company’s headquarters in North Carolina in the U.S.
I.T. and Industries Minister KT Rama Rao, speaking on occasion, said Hyderabad’s growing technology talent had the potential to make the city a hub for the automobile technology sector in the country.
Encouraging companies like Advance Auto Parts to make the city the one-stop-shop for all their business needs, Rao said the State was looking forward to the Advance Auto Parts being a important part of the Telanagana Mobility Valley (TMV) which is developed by the State Government in Vikarabad.
“This is the first automobile company to set up its technology presence in Hyderabad and the second largest office outside of its headquarters in the U.S. With this, the company has joined the list of the biggest companies like Google, Amazon and Microsoft”, he stated, adding that a leading Fortune 500 automotive parts provider setting up its GCC in Hyderabad was testimony to the investor-friendly policies of the Telangana Government.
While the Union government had set the net-zero emission target to 2070, Rao said Telangana plans to achieve it much before. The State has been working with sustainable mobility companies in order to fulfill the target.
“We are also going to host Formula-E in Feburary and plan to host the Electric Vehicle Summit around the same time. it is the right opportunity for a company such as Advance Auto Parts to mark its presence in Hyderabad,” he said.
Advance GCC India Managing Director Mahender Dubba said the company, with the new GCC, looks forward to attracting the best possible local talent and is committed to building its domestic base, which currently employs close to 430 people with a yearly target of 600.
Tom Greco, the CEO and president of Advance Auto Parts, termed Hyderabad a mobility cluster. He stated that they chose the city to set up the GCC after going through multiple options, such as Taipei, U.S., and Bengaluru. Greco said, “The vibrant talent pool and growing infrastructure are the main factors which made us zero down on Hyderabad to set up our GCC. Movng ahead, we plan to invest more in machine learning and artificial intelligence capabilities,”.
GIPHY App Key not set. Please check settings