World's best search engine signs MoU with State
State-of-the-art techno complex to be set upMoU signed during YSR's visit to Santa Clara
HYDERABAD: The State capital will be home for Google Inc., the innovative search engine, connecting millions of people seeking information.
Google, acclaimed as the world's best engine with a market capitalisation of over US $ 150 billion, will set up its state-of-the-art techno complex here.
The company's present facility on a leased premises comprises over 1,000 employees and is the second biggest in the country.
The facility catering to engineering, online sales and service, information systems and other support functions is expected to house 4,000 people once it is fully operational.
Google Inc. entered into a memorandum of understanding with the State Government for setting up its centre in Hyderabad during Chief Minister Y.S. Rajasekhara Reddy's visit to Santa Clara in the United States on Wednesday.
Google's online sales and operations director Roy Gilbert signed the MoU on behalf of the company while Information Technology department secretary S.K. Joshi represented the State Government.
As part of the MoU, the Government will allot 20 acres of land at Kokapet in Rajendranagar mandal to the company, an official press release said.
Welcoming Google's decision to invest in the State, the Chief Minister said such investments would help in accelerating economic growth in addition to providing gainful employment.
"Google products and services have received a very encouraging response and our offices have grown due to the exceptional talent pool. The MoU marks a step forward in further establishing our commitment to India," Mr. Gilbert added.