National

Hyderabad as joint capital continues to attract investments

V. Rishi Kumar Hyderabad | Updated on November 25, 2017 Published on July 25, 2014

Hyderabad as joint capital of the two states Telangana and Andhra Pradesh, continues to attract massive investments in the manufacturing sector.

According to Nirav Kothary, Head - Industrial Services, of consultancy company Jones Lang Lasalle (JLL) India, the city is an established destination for the ITand ITeS sector, but its manufacturing foothold has also been growing exponentially in select sectors like pharma and biotech, aerospace and FMCG.

Hyderabad was one of the pioneers in patronising the Life Sciences industry in India when it became home to ‘Genome Valley’ in 1999 to attract R&D companies and synergise life science companies in Hyderabad.

Genome Valley, proposed at over 600 sq. km., has seen significant investments from national and international pharmaceutical and biotech companies, and hosts companies like Novartis, Biocon, Dr. Reddy’s Laboratory, Aurobindo Pharma, Bharat Biotech, DuPont, Zenotech Laboratories (Daiichi), Sanzyme, Lonza, Nektar Therapeutics, Indian lmmunological, Biological E and United States Pharmacopeia, among others.

In the Aerospace sector, Hyderabad hosts the GMR Aerospace Park for civil and defence aerospace players over 250 acres of land near the existing Hyderabad airport.

Among the major industrial companies there are LFG and Sky Shop, MAS-GMR Aerospace Engineering Company Ltd. (MGAE), CFM Aircraft Engine Support South Asia Private Limited (CFMAESSA) and Tata-Augusta–Westland.

Procter & Gamble, one of the largest FMCG companies in the world, has acquired around 170 acres in Mahbubnagar, 36 km from Hyderabad, making it one of its biggest manufacturing plants in Asia with an investment of Rs 900 crore.

Now, many more industries are considering Andhra Pradesh for the low land costs and the incentives offered by the government. The undivided state of Andhra Pradesh saw industrial investments to the tune of Rs 20,871 crore in the period from 2010 till October 2013 in the form of IEM implemented - projects completed on the ground - which is nearly 11 per cent of the country’s share in this period.”

Published on July 25, 2014
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