The influx of investments continues to Telangana in Minister KT Rama Rao’s tour to the US. ZapCom Group Inc, a US-based Product Engineering and Solutions company, has chosen Hyderabad as the location to establish a Center of Excellence (CoE) specializing in AI and NLP driven products for the Travel and Hospitality, Fintech, and Retail sectors.
ZapCom’s presence is spread across the United States (California, Texas, and Florida), Central America, and India. The proposed CoE in Hyderabad will initially employ 500, expanding to 1,000+ within a year.
This decision was announced following a meeting between the leadership team of ZapCom, led by its Founder and CEO Kishore Pallamreddy with Minister KTR in Washington DC. Principal Secretary of IT and Industries Departments, Jayesh Ranjan, Special Secretary, Investment Promotion & NRI Affairs, E Vishnu Vardhan Reddy, Chief Relations Officer, Amarnath Reddy were present at the meeting.