Om Namo Venkatesaya

Hyderabad Still A Hot Cake

Overcoming the challenges and criticism that the city's will no longer be a hotspot for national and international companies to lay their investments due to the Andhra Pradesh bifurcation, Telangana capital Hyderabad still remains as an investors' favorite.

Hyderabad witnessed an inflow of investments to the tune of 4,000 crore ever since the state government introduced its new industry policy in June last year. Google India is pumping in 1,500 crore on its new campus and the Swedish furniture chain Ikea chose Hyderabad to set up its first ever store in India.

Mobile and electronic companies like Celkon and Makeno will be investing course to 20 million for setting up an LED TV unit in the city. Despite the state government's plans to promote Warangal and Karimnagar as lucrative investment hubs, lack of infrastructure is making the investors limit themselves to Hyderabad.

A world class international airport, MMTS and the upcoming metro rail network and the existing outer ring road have been attracting the investors, giving them a surety about the ease in the city's communication system.

Interestingly, a decent share of Hyderabad's investments have been diverted to AP cities like Vizag, Vijayawada, Kakinada and Tirupati, following the state division.