Telangana IT & Industries Minister K T Rama Rao announced that a Switzerland-based company, Swiss Re, would be establishing a unit in Hyderabad in August this year.
This would be a new addition to the Banking, Financial Services and Insurance sector in the city, the minister said on Monday, the first day of his visit to Davos to participate in the World Economic Forum.
Sharing the details on Twitter, the minister said, "Happy to announce a big addition to Hyderabad's BFSI ecosystem. A big welcome to Swiss Re, who will be setting up their office in Hyderabad this August. Swiss Re is a 160-year-old insurance organisation, headquartered in Zurich, Switzerland, and operating in 80 locations globally."
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