McDonald’s to set up GCC in Hyderabad, create 2,000 jobs
Kempczinski cited Hyderabad’s talent pool and superior business environment as key factors in zeroing in on the city for their GCC
Hyderabad: In a significant boost to Telangana’s growing reputation as a global investment hub, American fast-food giant McDonald's has announced the establishment of its global capability centre (GCC) in Hyderabad. The company signed a memorandum of understanding (MoU) with the state government on Wednesday in the presence of Chief Minister A. Revanth Reddy.
The move marks a major milestone for Telangana in terms of industrial growth and employment generation.
Revanth Reddy and Chris Kempczinski, chairman and CEO of McDonald's, finalised the agreement at a meeting in the Assembly. Also present were Skye Anderson, president of Global Business Services, Jon Banner, chief global impact officer, and Deshant Kaila, head of GBS India.
Expressing his delight, Reddy spoke of Hyderabad’s successful bid to host McDonald’s global office, prevailing over stiff competition from other Indian cities. He attributed this achievement to Telangana’s strong infrastructure, skilled workforce, and enhanced quality of living.
Kempczinski cited Hyderabad’s talent pool and superior business environment as key factors in zeroing in on the city for their GCC. The centre will initially employ 2,000 people, reinforcing the state’s role as a growing business and technology hub.
During discussions, the Chief Minister highlighted the state’s robust skilling initiatives and encouraged McDonald's to collaborate with the Young India skills university while recruiting trained employees for its GCC and restaurant operations across the country.
McDonald's, which currently operates 38 outlets in Telangana through its Indian business partner, aims to expand further by opening three to four new outlets annually, including in tier-two and tier-three cities.
The Chief Minister proposed that McDonald's source its agricultural produce from local farmers, a move expected to boost the state's agricultural economy and enhance farmers' incomes.
Kempczinski also discussed McDonald's community development initiatives and assured the government of deeper engagement in social programmes across Telangana.
The meeting was also attended by chief secretary A. Santhi Kumari, special chief secretary for IT and industries Jayesh Ranjan, and special secretary to CM, B Ajith Reddy.
