Apple plans to open its first technology development center outside the United States in Hyderabad, India, according to ZDNet.
It will be built on 250,000 square feet of land in the real estate firm Tishman Speyer's WaveRock facility at Hyderabad's IT corridor at a cost of $25 million (150 crore rupees). The center is expected to create 4,500 jobs for local, notes ZDNet. The move is viewed as a “momentous one.”
"It's a very positive development as Apple has not looked at cities only in India, but across many places in Europe and other parts of the world. Their decision to have the facility in Hyderabad is a strong endorsement of the city as a major IT hub in the country," Jayesh Ranjan, Secretary to IT department in the state of Telangana, told ZDNet.
And, as previously reported, Apple India has filed an application to open Apple branded retail stores in India with the department of industrial policy and promotion (DIPP). Getting a foothold in the country has been a challenge for the Cupertino, California-based. Apple has opened its retail stores in a number of countries around the world, but not in India. The country has restrictive real estate investment laws for foreign companies.