Telangana State Government signed a Memorandum of Understanding with American fast-food giant, McDonald’s for the establishment of its Global Capability Centre (GCC) in Hyderabad. The MoU was signed in the presence of Chief Minister A Revanth Reddy yesterday. The move marks a major milestone for Telangana in terms of industrial growth and employment generation. An official release stated that the Chief Minister and chairman and CEO of McDonald’s, Chris Kempczinski, finalised the agreement at a meeting held in the Assembly premises.

Expressing his delight, Reddy spoke of Hyderabad’s successful bid to host McDonald’s global office, prevailing over stiff competition from other Indian cities. 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.