Hyderabad to become global FinTech hub with Deutsche Börse GCC: Sridhar Babu
Hyderabad: Telangana is positioning Hyderabad as a global command centre for financial technology, according to IT and Industries Minister D. Sridhar Babu. He made the statement on Tuesday while inaugurating Deutsche Börse Group’s Global Capability Centre (GCC) at Raidurg.
The Minister said Deutsche Börse’s choice to invest in Hyderabad highlights the state’s policy stability, business-friendly governance, and skilled talent pool. The new GCC will support financial systems managing assets worth over USD 24 trillion.
Hyderabad’s growing global finance profile
Sridhar Babu noted that Hyderabad already hosts seven of the world’s top ten asset management firms. He said Deutsche Börse’s arrival further strengthens the city’s role in the international financial services landscape.
He added that the state government plans to transform Hyderabad from a tech hub into a “Global Innovation Powerhouse.” As part of this effort, a Global Innovation Hub will be launched to drive deep-tech research and breakthrough innovation.
GCC to fuel job growth and tech innovation
In its first phase, the Deutsche Börse GCC will create 1,000 high-skill jobs in artificial intelligence, cybersecurity, cloud engineering, and deep technology. The workforce is expected to double in future phases, strengthening Hyderabad’s tech ecosystem.
Calling Deutsche Börse a key player in global finance, Sridhar Babu said its presence in Hyderabad reflects growing trust in Telangana’s long-term economic vision. “We are not just attracting investment—we are creating lasting value for the global economy,” he said.
Top leaders attend the launch
Several dignitaries attended the event, including German Consul General Michael Haspel, Special Chief Secretary Sanjay Kumar, Deutsche Börse CIO/COO Dr. Christoph Böhm, and Director Dr. Ludwig Heinzlmann. Senior government officials and industry representatives were also present.
💹 Hyderabad to Emerge as Global FinTech Command Centre
Hon’ble IT Minister Shri Duddilla Sridhar Babu inaugurated the Deutsche Börse Group’s Global Capability Centre (GCC) at Raidurg – marking another milestone in Telangana’s global growth story. 🌍💼
🗣️ “Hyderabad is poised… pic.twitter.com/nnu1CLhCmw
— IPRDepartment (@IPRTelangana) November 4, 2025
