Apple in Plan to set up technical facility in Hyderabad

The company, which has been



growing its engagements in India, had recently also applied for single-brand retail licence in the country.”Apple has evinced interest to lease the space at Tishman Speyer’s WaveRock facility for ten years to begin with, involving a total expenditure of around Rs 150 crore,” ET tech quoted a property consultant privy to the development as saying. Cupertino’s Apple is in early talks phase with the Telangana government to set up a new technology development facility in Hyderabad which would employ nearly 2,500 people While the consultant was enthusiastic and positive about Apple’s plans, Telangana’s IT minister K Taraka Rama Rao said that it was too early to comment on the matter. Apple too declined to comment on the matter. Tishman Speyer’s WaveRock IT-. Tishman Speyer has around 65 lakh square feet of office facility in Hyderabad. Representatives of Apple have met the officials of the industry and commerce ministry recently, evincing interest to lease nearly 2.5 lakh square feet of office space in the Telangana Industrial Infrastructure Development Corporation promoted IT ITes SEZ with Tishman SpeyerITeS special economic zone, which is located near the financial district in Hyderabad’s’ Gachibouli, has a built-up area of around 25 lakh square feet and can accommodate over 20,000 professionals in all,” said the property consultant