Hyderabad, February 13, 2022 – Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, today announced it is investing in East Hyderabad via a co-development agreement with Ramki Estates, a leading real estate developer with more than 26 years of experience in developing commercial and residential properties across major cities in south India.
Genpact and Ramky Estates aim to develop approximately 2 million sq ft of commercial office space and 0.9 million sq ft of residential space.
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.”
Genpact was among the first companies to set up a campus in Hyderabad’s Uppal area, and recently set up a technology center in Warangal.
“Hyderabad is a city with no geographical constraints and has the scope to develop across all corners,” said 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.”
Minister for Information Technology and Industry, Shri KT Rama Rao attended the event to initiate construction on February 13th, organized by Genpact and Ramky Estates. The ceremony was also attended by officials of the Government of Telangana and Genpact leadership.
About Genpact
Genpact (NYSE: G) is a global professional services firm that makes business transformation real. Led by our purpose -- the relentless pursuit of a world that works better for people -- we drive digital-led innovation and digitally enabled intelligent operations for our clients. Guided by our experience reinventing and running thousands of processes for hundreds of clients, many of them Global Fortune 500 companies, we drive real-world transformation at scale. We think with design, dream in digital, and solve problems with data and analytics. Combining our expertise in end-to-end operations and our AI-based platform, Genpact Cora, we focus on the details – all 100,000+ of us. From New York to New Delhi, and more than 30 countries in between, we connect every dot, reimagine every process, and reinvent the ways companies work. We know that reimagining each step from start to finish creates better business outcomes. Whatever it is, we'll be there with you – accelerating digital transformation to create bold, lasting results – because transformation happens here. Get to know us at Genpact.com and on LinkedIn, Twitter, YouTube, and Facebook.
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