Amgen, a leading biotechnology company, is significantly expanding its presence in Hyderabad, India, by leasing approximately 500,000 square feet of office space to establish its first Global Capability Centre (GCC). This move effectively doubles the company’s office footprint in the city.
Location and Phased Occupancy
The new GCC will be situated in the RMZ Nexity and Spire Tower within Hyderabad’s HITEC City, a prominent technology hub. The expansion is planned in two phases:
- Phase One: Amgen has initially occupied 250,000 square feet.
- Phase Two: An additional 250,000 square feet is slated for occupancy by the end of 2025.
The lease agreement spans nine years, with a five-year lock-in period, at a rental rate of approximately ₹90 per square foot.
Focus Areas of the GCC
The Hyderabad GCC is designed to enhance Amgen’s global operations by focusing on:
- Technology
- Artificial Intelligence (AI)
- Data Analytics
These capabilities aim to drive the development of advanced technology solutions and digital competencies, thereby improving efficiencies across the company’s worldwide operations.
Strategic Significance
Hyderabad was selected for this expansion due to its world-class talent pool in medicine, information technology, and biotechnology. The city’s robust infrastructure and favorable business environment make it an ideal location for Amgen’s innovative endeavors.
This development underscores Hyderabad’s growing prominence as a preferred destination for multinational corporations establishing Global Capability Centres, further solidifying its status as a global technology and innovation hub.
This development underscores Hyderabad’s growing prominence as a preferred destination for multinational corporations establishing Global Capability Centres, further solidifying its status as a global technology and innovation hub.
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