Hyderabad: Anthem, the 2nd largest healthcare services provider globally with annual revenues of over US $ 90 Billion has chosen Telangana’s capital city Hyderabad to set up its operations.
Anthem, founded in the 1940s, is headquartered in Indianapolis, US. It had revenues to the tune of USD 90 Billion in 2017.
The company has announced a major presence in Hyderabad with 250,000 sft of SEZ space. The proposed facility will employ about 2,000 employees.
Reacting to this development, IT and Industries minister KT Rama Rao said, “I congratulate Anthem for choosing Hyderabad for setting up their operations.
Hyderabad, being a leader in Healthcare and IT sectors and home to several marquee companies, will continue attracting more global players in various sectors.”
It is worth mentioning here that United Healthcare Group (UHG), the largest company in the healthcare services sector, currently has the biggest Indian presence in Hyderabad. UHG has expanded significantly over the last four years consuming over 830,000 sft in the city.
On the Innovation front, T-Hub, having HealthTech as one of its seven thrust areas, is leading across other parts of the globe.
T-Hub recently partnered with Australian MedTech entrepreneurs for cross border growth with Govt of Victoria providing a grant of AUS $ 80K. T-hub also partnered with many global players to localize products for the Indian market.