Qualcomm Signs Telangana s Largest SEZ Lease Agreement May 25, 2021, 16:17 IST
HYDERABAD: Qualcomm, a semiconductor and wireless technology company headquartered in the United States, is constructing a 1.6 million square feet -mega facility in Hyderabad. This will be Telangana s largest SEZ leasing contract and Qualcomm s largest facility in India.
According to the Visakhapatnam Special Economic Zone (VSEZ), the Qualcomm facility, which will be housed on 17 floors at the Sustain Properties Pvt Ltd SEZ in Raidurg being built by the K Raheja Group will cost Rs 3,904 crore and create around 8,700 jobs over the next five years. At a recent meeting, the unit approval committee of VSEZ gave their approval to the project. VSEZ covers all SEZs in Telangana.