BlackRock, the world's largest asset manager, is considering setting up an AI team in India, according to Bloomberg.

BlackRock plans to hire nearly 1,200 employees to expand its two support centers in India, a report on Wednesday said, citing people familiar with the matter.

The world's largest asset manager is looking to build up its AI capabilities in India through the expansion.

The centers, known as iHubs, are located in Mumbai, India's financial hub, and Gurugram, near the capital city of New Delhi.

The new hires will bring the total number of employees in the two cities to about 3,500, including more engineers and data specialists, according to the report.

BlackRock will also reportedly inherit a so-called global capabilities center in Bangalore, India's IT hub, through its proposed deal to acquire data provider Preqin.