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Economy of Hyderabad

Hyderabad is an important economic hub of India. The major growth in Hyderabad is due to the investment done and growth achieved in poultry farming, automobile industry, apparel and textile industry, and drugs and pharmaceuticals. Information Technology in Hyderabad has flourished making it a major IT city in India.

Hyderabad Economy


Hyderabad is the economic and financial capital of the state contributing the majority in revenue generation, gross domestic product, and taxes. Growing in diversified areas and economically the city holds a major position in the country. 

This increased the small business opportunities in Hyderabad. Infrastructure growth of the city has made it stand out of the crowd by making in number 1 by having the tallest building of APIIC Tower in India.

Majority of the special economic zones lies in the city of Hyderabad and its suburb. Almost all government-public organizations are established in the city like BHEL, NMDC, HMT, BEL, IDPL, ECIL, DRDO and HAL. 

The city was once a major trade center and so is known as Pearl-city of India. The famous trade products of the city include bangles, silver, cotton, silk, handicraft, artefacts, etc. Hyderabad an emerging IT hub houses majority of software, hardware, business process outsourcing, call-center firms and offices.

Hyderabad is also known as “Genome capital of India” as it is a hub of pharmaceutical and biotechnology sector. The city is list amongst the 5 highest grown cities of Indian in the real-estate sector. The city has achieved success in diversified sectors creating an investment opportunity in all the sectors in Hyderabad.

Investment opportunities in Hyderabad:

The city houses more than 1300+ IT firms. The Information Technology sector in Hyderabad has been approved by the government. This will generate more than many  job opportunities. 

The areas in which investment has been planned are Cyberabad Development Authority, Gachibowli, Madhapur, Hyderabad airport development authority, Mamidipalli, Raviryal, Adibatla and Maheswaram, Uppal and Pocharam.

The ITIR, includes Special Economic Zones (SEZs), Free Trade Zones (FTZ),  export-oriented units, warehousing zones, growth centres, industrial parks, existing settlement, industries and estates and services, will be developed in phases spanning over a period of 25 years.

 

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