Hyderabad- The Next IT Hub Of India

Hyderabad has always been famous for its history, culture, language, tradition and most importantly, in my opinion, cuisine. In early 1950s Hyderabad undertook a great expansion as most of the Indian public enterprise like BHEL, BEL, DRDO, HAL, NMDC were established. In the 1970s, pharma and electronic industries were established. However, it was the early 1990s, the economic pattern of the city changed with the entry of most diversified IT industry in Hyderabad.

Hyderabad is among the global centres of IT in the world with the evolution of IT Hub commonly called Cyberabad. The area was primarily created for the promotion of IT Infrastructure in the city with several IT zones. The development of technological infrastructure called Hitec City promoted several US-based companies to establish their operations in Hyderabad. The Major US-based IT firms like Google, Microsoft, Samsung, Motorola, Oracle, Yahoo, HP, Amazon.com, Texas Instruments, GE, Qualcomm, Facebook and many more are in Hyderabad. Microsoft’s largest R&D campus outside the US is in Hyderabad. Also, the major IT services firms of India like TCS, Wipro, HCL, Tech Mahindra, Cognizant have development centres in the city.

One wonders why Hyderabad should become the Greatest IT Hub of India. The answer lies in several industry-friendly practices and environment created in and around Hyderabad. Some of them include:

Govt. Initiatives

The Govt. both central and state are playing a crucial role in making Hyderabad the next IT hub by providing necessary means, methods, and support for evolution of IT industry. With the opening of the Largest incubation centre for start-ups in Hyderabad called – T hub, where people can walk in with an idea and walk out with a product or a solution promoting entrepreneurship in the state, linking, educating and promoting all entrepreneurship-related stakeholders. The cost and time for opening up a start-up in Hyderabad is by-far most favorable across India.

Industry Ready Workforce

The growing number of top education institutes in the city with most diversified talent pool across different verticals and also ensuring that every talent is well versed with advancement in new technologies and innovation in all verticals. With around 350 engineering college in Hyderabad and the same number across the state with the new talent is available for next level of growth. Hyderabad is also attracting a large number of experienced professional from different parts of India.The Hyderabad software industry workforce is estimated to be around 4.06 lakhs and expected to add 25k direct jobs in FY17.

Infrastructure

Hyderabad has significantly lower real estate costs as well as excellent infrastructure as compared with other metros such as Bengaluru, Mumbai, Chennai and Delhi NCR. The firms can leverage the strong infrastructure that exists in Hyderabad in a cost-effective manner. The infrastructure development is being focused on all important areas including roads, flyovers and cityscape, 24/7 electricity and improving water supply. The Govt. is also working on expanding the city limits by introducing Satellite townships on the outskirts of the city in a well-planned manner. Another infrastructure development under execution is Hyderabad metro rail project that will run across the city.The city is well-connected to all major parts in the west and south with a well-defined network of roads.

Investments

Widespread investments from both government and foreign investors helped Start-ups to grow and stay in this competitive market. The city also adds value to IT hub with business tourism that has been ever increasing from last 5 years. Hyderabad accounts for nearly 11 percent of national IT exports.

As the Indian IT sector was opening up in the mid-90s, Hyderabad became a natural choice for the IT majors. It has become a critical national and international IT hub. Hyderabad has several congenial factors to further fuel growth in IT sector. It has earned a global reputation as a cosmopolitan city that is known for its assimilative cultural ethos. The presence of leading national research and academic institutions have provided the right ecosystem for the growth of this knowledge-intensive sector.The government is pushing the city in all ways and putting remarkable efforts to make Hyderabad the next Silicon Valley.

What lies in future for Hyderabad?

Global e-commerce firm Amazon chose Hyderabad as the home for its largest warehouse, which is capable of storing 2 million products. Uber is setting up a state-of-the-art facility in Hyderabad, which will eventually be its largest international office with an investment of $49 Million. A joint venture of Boeing and Tata established Aerospace facility in Hyderabad.

It is evident that Hyderabad is poised to grow owing to several favorable factors for IT growth. It’s just a matter of time when Hyderabad challenges conventional IT Hubs not only in India but the world.