Why you should do business in Hyderabad?
Hyderabad, the land of unlimited business opportunities has evolved as one of the most preferred business destinations. Corporations from around the world know it's a premier business opportunity from India and are already here making phenomenal strides in key industries. Hyderabad offers highly conducive industrial environment, abundant skilled and trained manpower, world-class infrastructure, business-friendly government policies with simplified procedures and good global connectivity. The strength of Hyderabad lies in its fully diversified industrial base. Key Business Sectors include Poultry, Mines and Minerals, Construction, Information Technology / ITES, Pharmaceuticals and Bulk Drugs, Biotechnology, Gems & Jewellery, Food & Agro Processing, Textile / Leather, Automobiles and Auto Components, Tourism and Healthcare. The City houses several techno-townships, Hardware Parks, Software Parks, Apparel Export Parks, Special Economic Zones, and Industrial Promotion Parks. Hyderabad is also a seat of learning with several universities, professional colleges and institutes of excellence. Today, Hyderabad is emerged as a leader in many spheres, it is ranked as the No 1 in IT/ITES destination in the India, its the country's bulk drug capital, and emerging as the financial capital of India.
Hyderabad is at the forefront of the revival of India's economic engine and highlights the new Indian growth driven by knowledge and education. It is a perfect example of the harmony of old and new India. The city has also been identified as one among the top
20 cities of sustainable future according to a world study initiated by the influential New York-based Ethisphere Institute evaluating cities on their efforts to improve sustainability including public transport, local economy, environment, health, education, recreation and living standards.
According to the report titled Doing Business in South Asia by the World Bank, Hyderabad has the most business-friendly regulations in India. India, the region's top reformer, has implemented reforms to simplify business registration, cross-border trade and payment of taxes, as well as to ease access to credit and strengthen investor protection. India has made significant improvements in reducing the amount of red tape entrepreneurs face daily. According to this report, Hyderabad is a world leader of IT and Financial Services because of:
- The relative ease with which land can be acquired by business
- The large number of technical institutions that produce adequate skilled manpower
- The average entrepreneur's ability to tackle risks
- The flow of money into high-quality technical services such as information technology, research and pharmaceuticals.
The City of Hyderabad and the State of Andhra Pradesh are committed to the rapid development of their region. To that end they have created myriad public/private partnerships to support investors.
Again, how to do a business depends on what you want to do and how you want to do it.
Are you an expat getting ready to move to Hyderabad? The Hyderbad Expat guide is a comprehensive reference document for expats planning to visit or relocate to Hyderabad.If you are a native Indian, you can contact the local DIC office for details na dprocedures of starting a business in Hyderabad.
Wishing you all the best in your endeavour!