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BASF Eyes Hyderabad for Global Finance & HR Hub
5 May
Summary
- BASF plans two global service hubs in Hyderabad.
- This move is expected to create nearly 3,000 jobs.
- Hyderabad selected for talent, infrastructure, and cost advantages.
German chemical powerhouse BASF has announced plans to establish two global services hubs in Hyderabad, India. This significant expansion is anticipated to create close to 3,000 jobs and bolster BASF's operational footprint within the country. The new facilities will centralize global finance and human resources services, with substantial functions transitioning to Hyderabad. This initiative represents BASF's fourth global services hub, joining existing centers in Berlin, Kuala Lumpur, and Montevideo. The Hyderabad hub is slated to operationalize by the fourth quarter, with hiring to occur in phases.
BASF, a global leader with operations in over 200 countries and revenues around $60 billion, views Hyderabad as a strategic location. The city was selected after a competitive global evaluation, highlighting its strong talent base, advanced infrastructure, and cost advantages. This move aligns with Telangana's ambition to become an innovation and R&D capital. The hubs will support various functions, including finance, HR, supply chain, and regulatory services, while also driving digital transformation across BASF's worldwide operations.
