US-Based Octave Opens Hyderabad Tech Hub, Targets 2,000 Engineers
· India · Economic Times, The Hindu, Times of India
US-headquartered industrial technology company Octave Intelligence inaugurated its Technology and Innovation Centre in Hyderabad's HITEC City on Wednesday, with plans to scale up to 2,000 engineers over the coming years. Spread across 2 lakh square feet, the facility will support global operations in software engineering, AI, data, cloud, and product development, and includes an Experience Centre showcasing connected intelligence solutions. Telangana IT Minister D Sridhar Babu, who inaugurated the centre alongside Octave CEO Mattias Stenberg and India VP Sekhar Konidena, said Hyderabad welcomed 75 new GCCs last year and is targeting 100 more by next year, with capabilities now spanning sports tech, media, hospitality, capital markets, and energy.
Why it matters
The 2,000-engineer expansion adds a major anchor tenant to Hyderabad's GCC cluster, directly creating thousands of high-paying AI and cloud jobs and reinforcing Telangana's pitch against Bengaluru as India's next deep-tech hub.
Read the original report — Economic Times
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