Hyderabad, April 16 -- The Citizens Global Capability Centre (GCC), a joint venture between US-based Citizens Financial Group and Cognizant Technologies, was inaugurated on Tuesday, April 15, at the Kokapet GMR Infobahn IT building by Telangana IT and Industries Minister Duddilla Sridhar Babu.

During the event, he outlined the state government's vision to transform Hyderabad into a major hub for Global Capability Centres by 2030.

Speaking at the inauguration, minister Sridhar Babu announced the ambitious target of developing 200 million square feet of Grade-A commercial office space in Hyderabad by 2030 to meet the growing demand from global enterprises.

"Hyderabad has emerged as a global business hub. Last year alone, companies leased...