India, Nov. 6 -- The Telangana government aims to attract 100 new global capability centres (GCCs) to Hyderabad within a year as part of its efforts to position the state as a global hub for technology development, research and innovation, IT and Industries Minister D Sridhar Babu said on Friday.

Speaking after inaugurating the India office of New York-based Pico Technology at Hitec City, along with Roads and Buildings Minister Komatireddy Venkat Reddy, Sridhar Babu said the government was encouraging global companies to establish and expand their core operations, research and product development activities in Hyderabad.

He said discussions held with representatives of Pico Technology earlier this year on investment and expansion plans ...