Hyderabad is known as “the City of Pearls”. It is famous for the pearl and diamond trading centre. According to the World Bank Group, Hyderabad is rank as the second best Indian city for business in 2009.
Companies such as Defence Research and Development Organisation (DRDO), Hindustan Aeronautics Limited (HAL) Bharat Heavy Electricals Limited (BHEL), etc are based here. Major Indian enterprises like Tech Mahindra, Infosys, Tata Consultancy Services (TCS), and Wipro also have offices here. The city has the highest number of special economic zones (SEZs) as compared to other cities.
The real estate sector has grown steadily since the 1990s. With the increase in the population, shopping malls have sprung up all over the city. There are also many top universities and colleges for the residents including schools of medicine, aviation, engineering, and biological research. The government, in response to the influx of people and businesses, has built several business districts to attract more industries.
Just like a startup needs an idea to be born, it needs money to grow big. Venture capital is financing that investors provide to startups and small businesses that are believed to have long-term growth potential. For startups without access to capital markets, venture capital is an essential source of money.
Ease of doing business
It is best known for its pharmaceutical corporations including Dr. Reddy’s Laboratories, Divis Labs, and Lee Pharma. Several biotechnology parks have sprung up including Genome Valley, Nano Technology Park, and Fab City. Some of the better known tech corporations with a significant presence in the city include Microsoft, Amazon, Lucent, AT&T, Bank of America, etc.