Charles Schwab has selected Hyderabad as the location for its first Technology Development Center in India, a decision announced following discussions between Telangana Chief Minister A. Revanth Reddy, IT Minister D. Sridhar Babu, and Schwab executives in Dallas. The Telangana government is committed to facilitating the establishment of the center, ensuring access to the necessary talent for rapid development. Schwab executives expressed confidence in this collaboration, highlighting the government's proactive support as a positive sign for future operations. The company is currently awaiting final approvals to provide detailed insights about the center and to send a team to India for its official establishment. This move marks a significant entry into the Indian market for the global financial services leader, which manages over $8.5 trillion in assets as of 2023.