NEW DELHI (Web Desk) – Apple is slated to build its first technology development centre outside the United States in India’s Hyderabad city in Telangana state with an investment of $25 million (Rs 170 crore), likely employing about 4,500 people.
The centre will occupy 250,000 square feet in Hyderabad’s IT corridor in the Tishman Speyer WaveRock facility, Times of India reported.
The facility is expected to open in June and is expected to be fully operational by the end of this year, according to a report on the Hindustantimes website.
India has recently been touted as a ‘bright spot’ in the market for iPhones, as Apple forecast its first revenue drop in 13 years on the back of cooling China sales.
Sales of the company’s flagship smartphone climbed 76 per cent in India from the year-ago quarter, Apple Chief Financial Officer Luca Maestri earlier said.