Hyderabad, Nov. 4 -- German financial services major Deutsche Borse is set to launch its Global Capability Centre (GCC) in Hyderabad, reinforcing the city's position as a leading global hub for technology and innovation, said the release.

According to the Telangana CMO statement, the new facility is expected to create at least 1,000 job opportunities in the IT sector within the next two years.

A delegation led by German Consul General Michael Hasper and Deutsche Borse CIO/COO Dr Christoph Bohm met with Telangana Chief Minister A Revanth Reddy and briefed him about the company's expansion plans. The delegation conveyed that Hyderabad was chosen for its robust tech ecosystem and business-friendly environment.

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