MetLife to set up global capability centre in Hyd
It will further strengthen city’s strong position in BFSI sector
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Hyderabad MetLife, the world’s largest insurance and financial services provider and a major American Fortune 500 company, will be making an entry into Hyderabad with the establishment of a large global capability centre (GCC).
During his US tour, Industries Minister KT Rama Rao and his delegation held a meeting with senior executives of MetLife at their global headquarters in New York.
This investment will further strengthen the city’s strong position in the BFSI (Banking, Financial Services, and Insurance) sector. The Telangana government has shown a strong commitment to supporting the BFSI sector, with notable initiatives like the recent formation of the BFSI Forum. This proactive approach aims to ensure the sustainable growth and development of the sector, creating a favourable environment for global giants to thrive. “We are excited to welcome MetLife to Hyderabad’s flourishing business landscape. MetLife’s decision to establish a GCC here further reinforces our vision of making Telangana a preferred destination for the BFSI sector,” stated Minister KTR. The Minister expressed that he was always captivated by the MetLife’s building in the midtown which is a big part of the iconic skyline of New York City.
