Hyderabad’s reputation in the pearl trade has given it the name “City of Pearls” and up until the 18th century, the city was the only global trading Centre for Diamonds known as Golconda Diamonds.
The city is certainly cheaper than Bangalore and has been ranked as the second-best Indian City to do business in 2005 by the World Bank Group.
Indian companies like Defence Research and Development Organisation (DRDO), BHEL, Centre for DNA Fingerprinting and Diagnostics (CDFD), Hindustan Aeronautics Limited (HAL), and major global companies like Microsoft, Google, IBM, Yahoo!, Dell and Facebook are headquartered here along with the offices of major Indian enterprises including Tech Mahindra, Infosys, TCS, and Wipro are located here.
The City and its suburbs contain the highest number of SEZs (Special economic zones) and is emerging as a breeding ground for budding enterprises
Funding and Investment
The city has been making demonstrated efforts to push itself back to the forefront and build a strong startup ecosystem. The latter, though, retained its top spot as startup champions Ola, Flipkart and Swiggy went from strength to strength.
Ease of business
Hyderabad has maintained its record in ease of doing business by securing first place in two parameters – enforcing contracts and resolving insolvency – as per the latest report released by the World Bank.