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Economy and IT industry in Hyderabad

Hyderabad is also known as the second Silicon Valley [2] in India after Bangalore. Hyderabad's IT exports exceeded the $1 billion mark in 2004[3]. Hyderabad has made heavy investments in digital infrastructure and is well known throughout India for its technology sector. In the late 1990s and the early years of the 21st century, the increasing numbers of IT and ITES companies located here - both home-grown ones as well as offshoots of multinational companies - have led civic boosters to call their city "Cyberabad".

The axis of the HITEC City (Hyderabad Information Technology and Engineering Consultancy Services City) is an artistically and yet functionally built ten-storey cylindrical building(see image below) aptly named "Cyber Towers", surrounded by a galaxy of imposing structures raised to house IT companies, foreign and Indian. One look at the township will explain why around 25% of IT professionals in the United States are from Hyderabad.

India's fourth largest software company, Satyam Computer Services, is headquartered here. Hyderabad has several software technology campuses with leading companies like Infosys, Microsoft, CSC, Oracle, Wipro, Kanbay, GE, ADP, Dell, Deloitte, HSBC, SumTotal, Intergraph, Analog Devices, IBM, Keane, Baan, InMage, SatNav Technologies, Tata Consultancy Services, Amazon and Google having established centers in the city.

Apart from software, Hyderabad is also known as a major center for pharmaceuticals with Dr. Reddy's Laboratories, an emerging global pharmaceutical company listed on the NYSE, being headquartered here. The entertainment industry also has a big presence in the city with the Ramoji Film City (entered in the Guinness book of world records as the world's largest film studio) being located here.

Hyderabad is also the city of pearls and pearl ornaments with the famous pearl market situated near Charminar. Several products like silverware, saris, 'Nirmal' and 'Kalamkari' paintings and artefacts, unique 'Bidri' handicraft items, lacquer bangles studded with stones, and silk and cotton, handloom clothing materials are made in the city.

IT magnates speak about Hyderabad

Shakti Sagar, President and CEO, Hyderabad Software Exporters Association & ADP Wilco
Ashok Soota, Chairman and Managing Director, MindTree Consulting
Arun K Maheswari, President and CEO, Computer Sciences Corporation India
Rajat Gupta, Managing Director, McKinsey & Co.
S Ramadorai, CEO, Tata Consultancy Services
Cyber Towers IT Park, Hyderabad on a clear evening sky.

Cyber Towers IT Park, Hyderabad on a clear evening sky.


All text of this article available under the terms of the GNU Free Documentation License (see Copyrights for details).

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