The Telangana state government is aiming to build Hyderabad into global financial hub along with the lines of New York, London, Tokyo and Mumbai.
Telangana IT Minister K. Taraka Ramarao at an investment promotion road show in Mumbai on Friday (July 17th) said,“The goal is to develop the city into a global financial hub along the lines of New York, London, Tokyo and Mumbai. Hyderabad boasts of the presence of global finance enterprises such as Wells Fargo, HSBC, Bank of America, RBS, HDFC etc. After the productive initiative of building the financial district (Phase 1), which has enticed firms such as ICICI, Franklin Templeton etc., the state is now building financial district Phase 2 – a much bigger initiative”.
On IT development in Hyderabad over the last decade Minister said,“Hyderabad has rightly emerged as a contender to become the ICT capital of India and with the presence of a large pool of skilled IT professionals and as the platform for leading MNCs, the city of Hyderabad has the reputation of being the desired destination of choice for companies across industries.”
“Government of Telangana intends to reach a target of Rs 1 lakh crore of National Exports from the present level of Rs 60,000 crore and create 1 million job opportunities in the ICT and electronics Industry in the next three years,” he added.
He also said that Hyderabad features one of the largest concentrations of 500 companies.
