India is a country undergoing constant development and change, and with this development emerge new centers of economic development. One such city that has drawn much attention in recent years due to both information technology and biotechnology is Hyderabad.
Hyderabad's economy has long foucsed on a strong tourism market, with Lonely Planet naming it the third-best city in the world to visit in 2013, but in beginning in the early 2000's the city took on a new nickname - Cyberabad (Cyber City). During 2008–09, Hyderabad's IT exports reached US$ 4.7 billion, and 22% of the NASSCOM's ( The National Association of Software and Services Companies ) total membership is from Hyderabad, and the development of HITEC City (Hyderabad Information Technology and Engineering Consultancy City), a township with extensive technological infrastructure, has prompted multinational companies to establish facilities in Hyderabad.
HITEC City is home to more than 1300 IT and ITES firms, including global conglomerates such as Microsoft, Google, IBM, Yahoo!, Dell, and Facebook. If you are involved in the IT industry, are in need of IT services, or are interested in the global economy, it is worth paying attention - and perhaps visiting, Hyderabad.
As if being a world-leading performer in the information technology industry wasn't enough, Hyderabad has also emerged as a pharmaceutical and biotechnology hub. In a play on California's Silicon Valley, it is known as the "Genome Valley of India", and has become India's pharmaceutical capital. In 2008–09, Hyderabad's bio-pharmaceuticals exports reached US$3.1 billion. Genome Valley is touted as India's only planned R&D technology cluster, built on investments from multiple firms both domestic and international. As the world changes more and more to focus on technology, spotlights like Hyderabad will continue to grow. Book a flight today and don't miss out.