Apple in ‘Talks’ with Telangana government

World’s most reputed brand, Apple is in talks with the Telangana government to set up a new technology development facility in Hyderabad. The talks are said to be at ‘early stage’ and will employ nearly 2,500 people.

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According to the reports, Apple wants to lease around 2.5 lakh square feet of office space at the outskirts of the city with real-estate company Tishman Speyer with a total expenditure of around Rs 150 crore.

Apple may consider a permanent campus at a later date. Telangana’s IT Minister, K Taraka Rama Rao and Apple declined to comment on this at such an early stage. But it is reliably learnt that the Apple team made a presentation on January 12 on their proposed investment plans to Telangana government.