Report Summary Detailed PEST Analysis, Key Industries Analysed with Investment Opportunities in a Boon to Self Reliant India
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Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies area on the Deccan Plateau along the banks of the Musi River, in the northern part of South India. Until the 19th century Hyderabad was known for the pearl industry and was nicknamed the "City of Pearls”, and was the only Golconda Diamonds trading centre in the world.
The economy of Hyderabad is based on traditional manufacturing, the knowledge sector, and tourism. Hyderabad is among the global centres of information technology for which it is known as Cyberabad. It is becoming the IT hub of India, with many IT companies constantly setting up their bases in the city. The city, in recent times, has become a hot spot for many foreign investors to invest in. Amazon is investing INR 20,671 crore to set up data centres in the city for its Amazon Web Services wing. Besides IT, the Real Estate sector of Hyderabad also promises great investment potential. With the continuous rise in demand for the construction of residential and office buildings, investors stand a great chance to earn good profits on their investments. Moreover, The government encourages new investors by providing them with tax benefits, simplifying the investment procedure, providing them the required infrastructure & support and for this same reason the city can be “Next – Big” destination for Global Industrial Re-shoring in India.
Major Industries Include – Information Technology & Services, Tourism, Retail, Real Estate & Construction, Jewellery, Pharmaceuticals, Paper, Metals, Agro Based Products and Machine Manufacturing
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