BASF, one of the world's largest chemical companies, has signed a letter of intent to establish two global services hubs in Hyderabad, India, projected to create nearly 3,000 jobs. The hubs will centralize the company's finance and human resources services, transitioning significant functions to Hyderabad over time. Tobias Dratt, President of Global Business Services at BASF, emphasized that this will not be a mere back-office setup but a strategic hub aimed at enhancing complex enterprise operations. Currently, BASF employs approximately 2,900 people in finance and 1,500 in HR globally. The Hyderabad hub is expected to double BASF's workforce in India, which currently stands at 2,500 employees. The selection of Hyderabad was based on its competitive advantages, including a robust talent pool and infrastructure. This hub will complement BASF's Global Digital Hub, set to open in the second quarter of 2026, further driving innovation and digital transformation within the company.