Hyderabad, the land of Charminar, also known as the City of Pearls, is the capital city of south Indian state of Andhra Pradesh. With a population of around 8.8 million, the city is one of the most populated cities in India. It is also the second largest city in India with respect to the total land area covered. The city is known for its hustle and bustle. The city also houses a unique blend of people from different social and religious backgrounds. The city has its mixed traditions and is a melting pot of culture and language in India.
Besides being the capital city of the state of Andhra Pradesh, Hyderabad is also the heart of all the financial and economic activities of the state. The city has been instrumental in contributing a significant amount of revenue to the states GDP. Hyderabad, being the business hub, generates the maximum amount of taxes from businesses.
Since the late nineties the city has shot into the limelight and has emerged as a revolutionary city for attracting major IT companies in the city. Since then the city has continued to rise and prosper.
Today, Hyderabad is rated as one of the fastest growing cities in the world. It is becoming the IT hub of India, with many IT companies constantly setting up their bases in the city. The city, in recent times, has become a hot spot for many foreign investors to invest in.
Several foreign companies dealing in pharmaceuticals have shown a great keenness to invest in the city and make the city the headquarters for their Indian operations.
Hyderabad is also seen as a favored destination for making investments in many foreign biotech companies. The city has shown great potential for attracting other foreign investments.
Easy and plentiful availability of quality infrastructures is the prime reason for the city being one of the most preferred destinations for foreign investors to invest in.
Hyderabad has a huge pool of educated and technically skilled human resources, it is home to some of the finest, world class educational institutes. Besides, the city has a good transport system. The city's rail and road network connection connects every nook and corner of the city. Also the rail and road are well connected to other major cities in the state.
Apart from the infrastructure facilities, the liberal government policies of the state have played a vital role in attracting huge foreign investments to the city. The government encourages new investors by providing them tax benefits, helping them set up their business base, simplifying the investment procedure, providing them the required infrastructures and helping them know the current market conditions.
Any foreign investor looking to invest in the city would be astonished to find that the investment opportunities in the city are overwhelming. One of the most fruitful investment sectors in Hyderabad is the IT and ITES sectors. With a constant rise in outsourcing to other countries, there are a lot of BPO's in and around the city which provide all the technological aid to the companies wanting to outsource their needs.
Besides IT, the Real Estate sector of Hyderabad also promises great investment potential. With the continuous rise in demand for the construction of residential and office buildings, investors stand a great chance to earn good profits on their investments.
Thus, an investor investing in Hyderabad would be in a win-win situation.