Fiat to invest $150 mn in Global Digital Hub in Hyderabad

Fiat Chrysler Automobiles (FCA) has announced that it will invest $150 million (Rs. 1,100 crores) to set up a new Global Digital Hub in Hyderabad. FCA ICT India, as the new innovation and technology development facility is known, is the company’s largest digital hub outside of North America and EMEA.

FCA ICT India is expected to create nearly 1,000 new technology jobs by the end of 2021 and has plans to increase hiring over the next two to three years. The hub will serve FCA and drive global IT strategy. It will focus on building strategic competencies in niche technology areas such as connected vehicle programs, artificial intelligence, data accelerators, and cloud technologies, among others.

The company claims that the availability of talent and pro-business policies played a major role in its decision to set up the facility in Hyderabad. The Global Digital Hub is also expected to expand FCA’s relationships with strategic partners, startups, digital accelerators and universities.

FCA has a presence in Maharashtra and Tamil Nadu, with its headquarters in Mumbai. The company employs over 3,000 people. The Global Digital Hub, will help it expand its presence in Telangana. The company has a joint venture vehicle and powertrain manufacturing facility in Ranjangaon, Maharashtra. FCA's engineering and product development operations are located in Pune and Chennai