Hyderabad, an inculcate magnet for IT Hub, Here’s Why?

Hyderabad: Hyderabad came up as the most chosen IT destination from the last seven years. Hyderabad city has pulled in some large names and global brands into the city.

“What we have completed successfully over these seven years with all the new brands that entered Hyderabad is a great story to tell. Every investment is a story by itself and an important milestone. We were able to get over 20 largest Fortune 500 companies, all of them being global leaders in their own space,” IT Minister KT Rama Rao said.

Top 10 IT Companies in Hyderabad Listed Below watch Now

Top 10 IT Companies in Hyderabad

“In the year 2014, when I addressed IT and favored it for the first time, I felt there are three things that are missing in the previous five years of Government- lack of will to take actions, lack of firm leadership and economic conditions. Today, we have the will to grow and the desire to be the best in all. There is no better leadership than our Chief Minister provides for the Telangana State,” KTR said.

Recalling the efforts to ensure that Hyderabad remained an investment magnet, he said the Government of Telangana signed an MoU with Google in the year 2015 at the latter’s Mountain View, CA for Google’s largest campus outside of their headquarters in Nanakramguda, the minister said.

Apple inaugurated its largest technology development center outside of the US in the Financial District.

Also, the Amazon company has chosen Hyderabad over the years for its largest campus in the world after its headquarters in the Financial District. It spans 3 million sq ft and the single tower is bigger than any single building for Amazon globally, he said.

Amazon has also launched India’s biggest fulfillment center in Hyderabad city- a 1.3 million sq ft space with a 1.6-kilometer conveyor belt. Amazon Web Services has finalized investment of around Rs 20,761 crore ( $2.77 billion) to set up 3 data centers. The investment by the Amazon company is the biggest FDI so far in the history of Telangana state, the minister said.

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Salesforce, which initiated its only Centre of Excellence and its biggest facility outside of San Francisco in Hyderabad city, now employs more than 2k people. Uber too has its CoE in Hyderabad, the first in Asia and the fifth across the world. Micron launched its largest blooming centre in Hyderabad in October 2019 and now has more than 2,500 employees in it.

Proudly our City has crossed the Bengaluru city for two quarters in office space consumption. No other metro city has done so for decades since Bengaluru took the early mover advantage, KTR said, adding that Hyderabad rose to number 1 in the city encouragement index replacing Bengaluru, he said.

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