Investment in SecunderabadHyderabad enjoys an elevated status as the world's only diamond market. The city is a major contributor to the GDP (Gross domestic product) and state tax of Andhra Pradesh. Businessmen are putting up new business here which include trading in agricultural products, handicrafts, investing in property, mining, movies and showbiz, semiprecious stones and pearls, readymade garments etc. Even small IT companies have found good base here.
Why Investment in Secunderabad is Good DecisionIT Industries have come up in hundreds here! They all have offices in Hyderabad and HITEC City and some have their offices in Secunderabad too. IT industries attract a lot of professionals from local educational institutions as well as other parts of India for jobs.
Infrastructural development is also taking place in the twin cities, more so in Secunderabad. Infrastructural development includes more of building up of residential colonies and with the growth of the two cities, even the estate prices have catapulted to great heights! Many small IT companies which deal with website development and data management etc. have also mushroomed. Let us enumerate other reasons for investment in Secunderabad -
- Handicrafts produced here are sold in the Middle East and Western countries.
- It is a global trade centre in many areas of business.
- Industrial growth commenced with the establishment of a diversified industrial zone.
- Pharmaceutical and electronic industries have been established in the city.
- Both the cities are well connected by road and railways, including airways.
- Twin cities are major tourist destinations too!
Secunderabad boasts of a diverse culture where people belonging to different backgrounds and religious beliefs live and work in harmony for upliftment of the economy of the region. It is fast developing into an industrial and IT hub. Investing in property or just starting a new business here is a good idea which will reap dividends in the time to come.Are you ready for business venture in Secunderabad?
Investment in ShowbizTollywood too contributes its own share to the overall economy of the twin cities. However, of late, many films are not being produced in Tollywood (in Hyderabad), except for one or two hit movies in many years.
The Semiprecious Stone Market in SecunderabadSemi Precious stones and pearls, imitation jewellery made from such semi-precious stones sells fast as it looks beautiful yet is easy on the pocket. The quality too is quite good. Semi precious stone manufacturers, wholesale semi precious Gems exporters and suppliers of semi precious gemstones too contribute to the economy of Secunderabad. Their sales go up during wedding season and during festivals when people are in a mood to buy jewellery!
Investing in the Mining Industry in SecunderabadAs far as mining is concerned, due to setting up of industries here, copper, mica, manganese and coal mining takes place in the entire region.
Ready made Garments Factories in SecunderabadReady made garment manufacture, wholesale dealers and garment exporters are doing brisk business here. There are markets in Secunderabad where people throng to buy ready made clothes at really cheap prices. Many garment factories have come up in and around areas near Karkhana in Secunderabad
Encouragement to Cottage Industries in SecunderabadHandicraft too is one of the occupations of people here and these include Ikat weaving, pottery making, toy making etc. Otherwise Andhra Pradesh is famous for hand looms and handicrafts.For instance, Tirupati near Secunderabad is known for stone art. The entire Telangana region is renowned for folk paintings, banjara needle craft, kalamkari etc.
Agricultural Industry in SecunderabadPrimary occupation of the people in Secunderabad can be said to be agriculture. They grow rice, cereals and pulses. Did you know that most of India's Virginia tobacco crop owes its production to Andhra Pradesh?
Secunderabad, however, is a good place for investment as business is brisk here, it is still developing at a fast pace and there is no dearth of educated professionals for steering manufacturing and Information technology companies towards making profits. This can be called as a streamlined shift from mining to data mining!