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Hyderabad
is the capital city of the Indian state of Andhra Pradesh. Situated
in the Telangana region of Andhra Pradesh, the city has an estimated
population of 6.1 million people (61 lakh), making it the 6th most
populous metropolis in India. Hyderabad is known for its rich
history, culture and architecture representing its unique
characteristic of a meeting point for North and South India, and its
multi-lingual culture, both geographically and culturally. Hyderabad
has been a place where Hindus and Muslims have co-existed peacefully
for centuries.
Economy
Hyderabad is a major center for pharmaceuticals with companies such
as Dr. Reddy's Laboratories, Matrix Laboratories, Hetero Drugs
Limited, Divis Labs, Aurobindo Pharma Limited and Vimta Labs being
housed in the city. Initiatives such as Genome Valley and the
Nanotechnology park are expected to create extensive infrastructure
in bio-technology.
Like many Indian cities, Hyderabad has witnessed a remarkable growth
in the real estate business, thanks to a predominantly information
technology-driven boom in the 1990s and the retail industry growth
over the last few years which have spurred hectic commercial
activity. A number of mega malls have come up or are being built in
the city.
Development of specialised IT infrastructure by private players
gained over the last two years after the Government kicked off the
HITEC City. |