Latest News | US Life Insurer Setting Up Global Capability Center in Hyd: T'gana Industries Minister Rama Rao

Hyderabad, Jan 11 (PTI): Leading US life insurer Massachusetts Mutual Life Insurance Company would set up its Global Capability Center in Hyderabad, Telangana Industries Minister K T Rama Rao on Monday said here on Monday.

"What better way to start the week than to welcome a top Fortune-500 company Delighted to announce that BFSI major US based @massmutual is setting up their Global Capability Center in Hyderabad, Telangana.

This is their first center outside US with initial investment of Rs 1000 Cr," he tweeted.

"Leading US life insurer Massachusetts Mutual Life Insurance Company (@massmutual) announced the setting up of their Global Capability Center in Hyderabad, Telangana," he tweeted on his official account.

MassMutual, a 170-year old Fortune 500 organization and a world leader in the Insurance and Finance Industry, choosing Hyderabad and establishing its first Global Capability Center outside USA in the city is a testimony to the investor friendly policies of the Telangana Government, he said. PTI

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)