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Hyderabad , July 18

UBS is in the process of locating its IT and ITES centre in Hyderabad.

The Andhra Pradesh Information Technology and Communication Secretary, Ms. K. Ratna Prabha, in a statement said UBS is the first Switzerland-based bank and European bank outside the UK announcing its move to set up operations in Hyderabad.

UBS decided on Hyderabad after evaluating other centres, including Bangalore, Pune, Chennai, Mumbai and Kolkata.

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