Industrial Automation Magazine India

Genpact expands its presence in Hyderabad to meet ongoing market demand

Published on : Monday 14-02-2022

Expansion reflects Genpacts continued investment in IT talent and growth in East Hyderabad.

Hyderabad, February 13, 2022: Genpact, a global professional services firm focused on delivering digital transformation, is investing in East Hyderabad via a co-development agreement with Ramky Estates, a leading real estate developer with more than 26 years of experience in developing commercial and residential properties across all the major cities in south India.

Genpact and Ramky Estates aim to develop approximately 2 million sq ft of commercial office space through the project "GENEXT SQUARE".

This is an extension of Genpact's ongoing commitment to support the growth of the IT industry in the eastern corridor of Hyderabad, under the LEAP (Look East Policy) and GRID (Growth in Dispersion) policy of the Telangana government. The policies aim to drive dispersed growth across the IT sector in Hyderabad, which has largely been concentrated in the western regions of the city.

"The focus of the state government to grow Hyderabad's eastern IT corridor will be a catalyst to further India's position as a global technology and digital hub," said Vidya Srinivasan, global Infrastructure and Logistics leader, Genpact. "At Genpact, our strategic infrastructure and campus investments over the years have positioned us well to attract a diverse, skilled workforce. With this expansion, we are proud to partner with the Government of Telangana to boost employment opportunities, and diversify growth in an important, underpenetrated region. Two decades ago, before coming to Hyderabad, we were looking for our second site outside of Gurugram.

Genpact was among the first companies to set up a campus in Hyderabad's Uppal area, and recently set up a technology centre in Warangal.

"Hyderabad is a city with no geographical constraints and has the scope to develop across all corners," said Mr Nanda Kishore, Managing Director, Ramky Estates. "With the high saturation of the western corridor, there is a huge opportunity to develop the east, which is abundant in space, infrastructural facilities, and talent. With this project, we are excited to work with the Government of Telangana to strengthen Hyderabad's dispersion agenda."

Mr Gowtham Reddy, Managing Director, Ramky Enviro, said, but for Hon'ble KT Rama Rao garu's vision and dynamic leadership in these seven years, the quantum of IT Development, Municipal development and other progress that took place in this state wouldn't have been possible. Today we might be close to 12 lakh employment purely because of this. Creating one lakh employment in eastern part of Hyderabad and infrastructure that can take 2 lakhs is a fantastic accomplishment.