Hyderabad, The IT and Industry Minister stated that Hyderabad’s skilled talent, world-class infrastructure, relatively low traffic issues, and affordable rents are attracting major companies. Due to these features, leading global financial institutions are choosing Hyderabad as a preferred destination to establish their Global Capability Centers.
Representatives from New York-based Pico Technology met with the Minister at the Telangana Secretariat on Saturday. The Minister for Roads and Buildings was also present at this meeting. Pico Technology, which provides financial market services, expressed its desire to establish a GCC in Hyderabad through its subsidiary, Pico Technology India.
City Infrastructure to Get a Boost
The Minister detailed the opportunities and infrastructure available in the city, stating that short-term and long-term plans are being implemented to strengthen infrastructure, keeping in mind the needs for the next five to ten years as well as twenty years. He informed that office space occupancy in Hyderabad is 73 percent, compared to only 52 percent in Mumbai. Due to problems like traffic and air pollution, IT companies and GCCs are increasingly turning towards Hyderabad.
The Minister for Roads and Buildings explained that a new Regional Ring Road is being built approximately 30 kilometers outside the existing Nehru Outer Ring Road. Alongside this, radial roads are also being constructed. He said that alongside the ring road, a railway line will also be developed to create a world-class transportation system. A double-decker road is being constructed between Hayathnagar and LB Nagar.
The lower road will be for local traffic, while the upper two levels will be designated for vehicles entering and exiting the city. He also stated that Hyderabad will be the second city to build such a double-decker road after Nagpur. The tender process will be completed and work will begin within the next two months.
Hyderabad
Hyderabad is a historic city in southern India, founded in 1591 by Muhammad Quli Qutb Shah. It is renowned for landmarks like the Charminar and Golconda Fort, which reflect its rich legacy as the capital of the Qutb Shahi dynasty and later the Nizams of Hyderabad. Today, it is a major technology hub often called “Cyberabad,” blending its regal past with modern innovation.
Telangana Secretariat
The Telangana Secretariat is the administrative headquarters of the state government of Telangana, India. The current complex, inaugurated in 2023, is a newly constructed landmark in Hyderabad, built after the demolition of the older secretariat structures that had served the region since the Nizam’s era and the former united Andhra Pradesh. Its history is deeply tied to the formation of Telangana as India’s 29th state in 2014, symbolizing the new state’s identity and governance.
Nehru Outer Ring Road
The Nehru Outer Ring Road is a major expressway encircling Hyderabad, India, named after the country’s first Prime Minister, Jawaharlal Nehru. It was constructed in phases beginning in the late 1990s to decongest the city’s core and connect its growing suburbs and technology hubs. Today, it serves as a vital transportation artery that has significantly shaped the metropolitan area’s expansion and economic development.
Regional Ring Road
The Regional Ring Road is a major orbital highway encircling the Greater Cairo area in Egypt. Its primary purpose is to alleviate severe traffic congestion in the capital by diverting through-traffic and heavy freight transport away from the city center. The road was constructed in phases, with the first section opening in the late 1990s, and it remains a critical piece of infrastructure for the region’s transportation network.
Hayathnagar
Hayathnagar is a suburb and mandal located in the eastern part of Hyderabad, India. Historically, it was a *jagir* (land grant) during the Qutb Shahi and Asaf Jahi (Nizam) periods, with its name often attributed to a noble or official named Hayath. Today, it is a rapidly developing residential and commercial area on the outskirts of the city.
LB Nagar
LB Nagar is a major residential and commercial suburb in eastern Hyderabad, India, named after the former Prime Minister Lal Bahadur Shastri. Historically, it was developed in the late 20th century as part of Hyderabad’s expansion, transforming from a peripheral area into a densely populated urban hub. Today, it is known for its bustling markets, transportation links, and as a gateway to the city’s IT corridor.
Nagpur
Nagpur is a major city in central India, historically known as the capital of the Bhonsle Maratha rulers in the 18th and 19th centuries. Today, it serves as the winter capital of the state of Maharashtra and is a significant commercial and political hub, often called the “Orange City” for its large citrus trade.
Mumbai
Mumbai, formerly known as Bombay, is a major port city on India’s west coast and the financial capital of the country. Its modern history began in the 17th century when it was transferred from Portuguese to British control, growing into a global trade hub and a center for India’s film industry, Bollywood. Today, it is a densely populated metropolis known for landmarks like the Gateway of India and its vibrant, diverse culture.
