Investment Potential
Hyderabad, the capital of the state of Andhra Pradesh, is the fifth largest city in India. Hyderabad is located in the southern part of India and is a rapidly growing metropolitan area and has almost limitless potential when it comes to investment. It has a highly educated workforce anxious for high-end, technical jobs.
Hyderabad city is today known for its IT and IT Enabled Services (ITES), pharmaceuticals and entertainment industries. Many call centers, Business Process Outsourcing (BPO) firms, dealing with IT and other technological services were set up in the 1990s making it one of the major regions for call center setups in India. Ramoji Film City, one of the largest film studios in the world is located on the outskirts of the city.
Hyderabad is known for its academic institutes and research labs, both public and private institutes. The infrastructural facilities for research in Hyderabad are among the best in the country, hosting a large academic population from all over the country and beyond.
Hyderabad today has several software technology campuses with leading companies such as Infosys, Microsoft, CSC, Oracle, Wipro, Kanbay, GE, iGate, ValueLabs, ADP, Dell, Deloitte, iGate, HSBC, SumTotal, Intergraph, Analog Devices, IBM, Keane,Satyam ,Baan, InMage, SatNav Technologies, Tata Consultancy Services, Amazon and Google.
And, as we know, Hyderabad was selected as the location for India’s first semiconductor manufacturing chip facility – Fab City.
Sustained efforts by Government of Andhra Pradesh to promote Hyderabad as a destination for IT and ITES companies has led to tremendous growth of this industry in Hyderabad. Hyderabad is often promoted as a low-cost alternative to Bangalore.
A number of initiatives have been taken by the government to attract IT/ITES firms to the city:
- Improvement in the quality of the infrastructure i.e roads and railways.
- Exemption on the stamp duty and registration charges.
- Development of purpose-built residential area for HITEC City including construction of a hotel and convention centres.
- Increase in number the of spots facilities, medical centers, gas stations, nursery and shoping malls.
- Development of 160km outer ring road.
- State-of-the-art international airport to open March 2008.
- The development of the Indian Institute of Information Technology (IIIT) by the state government in association with Microsoft, Oracle, Satyam computers and Metamor Graphics. This is expected to strengthen the city’s advantage in terms of IT education in the country.
- The state government has also dedicated significant investment funds for a HITEC city in order to provide a strong base to IT companies.
These initiatives coupled with excellent transportation for land, rail and air, a lower cost of living compared to other metros, shorter travel times to the workplace and easy availability of a skilled workforce from various institutions, help to make Hyderabad a very attractive investment option.