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Hyderabad is the New Silicon Valley

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Once upon a time, Bangalore was the only name synonymous to IT Job or even Startups. Today, that narrative has changed. Hyderabad has demonstrated impeccable advancements not just in terms of development, but also a mindset. The mindset to transform, evolve and excel. T-Hub, India’s leading start-up catalyst, inaugurates the world’s largest innovation campus in Hyderabad. It is in the second phase of building the T-Hub in Hyderabad. It aims to put India’s innovation ecosystem worldwide, and it now has a footing in Hyderabad. It is India’s largest prototyping facility. The next spur of growth, employment, and enterprise will come from startups. An analysis by job site Indeed shows that Hyderabad, Mumbai and Bengaluru remain the top cities looking for work. Many companies prefer to hire more talent in these three cities.

In the early 1950s, Hyderabad undertook a great expansion as most of the Indian Public Enterprise like BHEL, BEl, DRDO, HAL, NMDC were born. In the 1970s, Pharma & Electronics industries were established. However, it was the early 1970s, the economic pattern of the city changed with entry of the most diversified IT industry in Hyderabad. Hyderabad is among the global centres of IT in the world with the evolution of IT Hub commonly called Cyberabad. Hyderabadthe next IT hub of India. Today, Hyderabad is among the top startup hubs of India contributing hugely to the startup ecosystem in the nation. With 3,000 startups and a 329 per cent year-on-year (YoY) increase in deal count as well as the funding amount, this city is becoming the address for new startups in the country.

The State's robust economy, good infrastructure, strong IT/ITeS, pharma and life sciences industry, presence of a large number of research organisations, availability of a vast talent pool, relatively low real estate price and entrepreneur-friendly policies of the State government has helped Hyderabad emerge as a major hub of startups in a short span of time.