Stellantis, Rite Software launch operations in Hyderabad
IT and Industries Minister KT Rama Rao said as the need for sustainability grows in importance, leveraging technology becomes crucial for driving positive Impact in various sectors.
Hyderabad: In yet another boost for Hyderabad’s position as a robust automotive ecosystem, leading global automaker and mobility provider Stellantis opened its Digital Hub here on Wednesday.
Stellantis, the parent company of several iconic brands including Jeep, Maserati, Citroen, Peugeot and Fiat, and with industrial operations in more than 30 countries, was collaborating with Wipro since 2020 and now has shifted independent operations at the new office.
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Inaugurating the Digital Hub, IT and Industries Minister KT Rama Rao highlighted the thriving automotive ecosystem in Hyderabad and said Telangana was the most comprehensive and progressive mobility ecosystem in India and globally.
With cars increasingly become computers on wheels, Stellantis and other automotive companies recognize the significance of software talent here, he said, adding that Telangana’s IT sector had experienced remarkable growth, representing 44 percent of all IT jobs in India in the 2023 fiscal.
Stating that sustainable mobility was the future and that there was a need to leverage technology for sustainable mobility, he said the projections for recruitment made by new tech companies coming to Hyderabad were usually shattered in much less time.
“This city is brimming with talent. This city attracts talent. This is the city that can give you a lot more scope for expansion,” he said.
Thanking Stellantis for their contribution to the conceptualization of the Telangana Mobility Valley, he said the groundbreaking ceremony for the Mobility Valley would take place next month.
Commending Mamatha Chamarthi, Head of Software Business and Product Management at Stellantis, for her role in anchoring the project, Rama Rao hoped for Stellantis’ rapid expansion in Hyderabad, with the current headcount of 770 employees projected to reach over 1,850 professionals within the next three years. Stellantis Chief Software Officer Yves Bonnefont also spoke.
Rite Software Development Centre opened
The Minister later inaugurated the Houston-based Rite Software’s Development Centre here. The firm is set to invest Rs.100 crore in Telangana, creating 1,000 jobs for IT professionals in the next three years. The centre was the outcome of the Minister’s meeting with the firm during his recent trip to the USA.
Stating that Hyderabad had become the resource capital of India, attracting global talent, he said Hyderabad was witnessing explosive growth in the last nine years and that IT exports, which stood at Rs.56,000 crore in 2014, had now touched Rs.2.41 lakh crore.
“No city in the country can match the growth rate of Hyderabad, not even Bengaluru,” he said, adding that there were 3.23 lakh people working in the IT sector in erstwhile Andhra Pradesh, with the number now crossing 9 lakh.
Krishna Bendapudi, Founder and CEO, Rite Software, Indu Bendapudi, CFO, Dan Carter, President, UK & Europe, and others were present.
