US based healthcare services provider Anthem has chosen Hyderabad to set up its operations, as per a release from the office of Industries and IT Minister K.T. Rama Rao.
The company has announced a major presence in the city with 250,000 sq ft of space in an SEZ. The proposed facility will employ about 2,000 employees.
Stating the reason for choosing Hyderabad, the US-based Anthem stated, “We chose Hyderabad, as the city has good human resources. The policy of Telangana State government for issuing permissions, the innovative policies like skill development and training, the development in IT and ITeS sectors too were other reasons for selecting Hyderabad for our Indian operations.”
Founded in the 1940s and headquartered in Indianapolis, US, the company posted revenues of $90 Bn in 2017.
Welcoming Anthem to Hyderabad, IT and Industries Minister KT Rama Rao said: “Hyderabad is emerging as a hub of healthcare services. The city had been attracting huge investments in IT and ITeS sectors. Now, healthcare sector too is attracting investments.”
In August, another global player, Swedish home furnishings major IKEA opened its first store in India in Hyderabad. The company, which has employed 950 people directly and another 1,500 indirectly at its store here, plans to hire 15,000 in the coming years as it expands operations in India.