Hospitality major Marriott International will enter into an MoU with the Telangana government for setting up its global capability centre (GCC) in Hyderabad. An investment of Rs 300-400 crore would be made in a phase-wise manner.

Minister for IT and Industries D Sridhar Babu said that the project will employ 1,000 people over a period of time. He also stated that investment MoUs to the extent of nearly Rs 50,000 crore have been signed. The global hotel chain is looking for space to accommodate 500 seats initially, which later would be upgraded to 1,000.

The Minister further informed that the state government is in discussion with eight to 10 other companies, including two pharma giants, to set up facilities or centres. It would lead to employment opportunities to about 20,000 to 25,000 people in the next two years.  Moreover, the state government is considering establishing a 'Digital University' specialising in digital studies, and has appointed a committee focussed on skilling the youth.