Facebook to launch India operations in two months

[ChromeFoundry]

Source: The Economic Times of India

27 Jun 2010, 1932 hrs IST,PTI

HYDERABAD: Social networking site Facebook is all set to launch its India operations from Hyderabad in less than two months.

The company's proposal to set up a unit in Raheja Mindspace SEZ here was approved by the Union Government yesterday, said a senior official of the state Information Technology Department on Sunday.

"The company is aggressively hiring people. Initially, they will be operating from an incubation centre in the SEZ," the official said.

Facebook's new operations centre in Hyderabad will supplement operations supported out of Palo Alto, California, Dublin, Ireland, and a recently-announced location in Austin, Texas. The Hyderabad office will be Facebook's first office in the Asian region.

As many as five IT companies have been accorded permission to set up their offices in a total area of 3.91 lakh sq ft in different IT SEZs across the state. The other prominent MNC IT companies include Accenture and Invesco (Expansion).

The official said that Facebook has been allotted about 50,000 sq ft space and is going to recruit close to 500 people for running its operations.



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