Attracting global giants with policy clarity
Hyderabad has seen many waves of investment over the past two decades, but the months of July and August 2025 stand out as the city’s future direction becomes sharply visible. With global tech giants, pharma innovators, and advanced manufacturing ventures setting up operations, Chief Minister A. Revanth Reddy’s “services-only city” vision for Hyderabad – coupled with his plan to push heavy industry towards the ORR-RRR corridor – is beginning to pay off.
IT & ITES services: Chosen destination for global brands
The IT sector continues to push Hyderabad’s global standing. On July 1, Apple quietly expanded its India footprint with a new lease at WaveRock in Nanakramguda, adding more than 64,000 sq ft to its existing space. For a company that has long relied on Hyderabad for maps, AI and engineering services, the expansion proves that Apple sees this city as central to its India strategy.
Just two weeks later, on July 15, the U.K.-based Wise opened its full-stack engineering hub in the city. Known worldwide for disrupting cross-border payments, Wise has already scaled to nearly 70 employees in Hyderabad within months and has indicated that APAC leadership views this office as key to its growth plans. The fintech’s presence enriches the city’s already impressive pool of engineers working in the fintech sector.

Retail and e-commerce majors, too, are leveraging Hyderabad’s ecosystem. On July 21, Costco announced its first India Global Capability Centre (GCC) here, promising 1,000 jobs in retail-tech and supply-chain analytics. In August, Korean e-commerce giant Coupang launched a tech office in the city, with a focus on AI-driven logistics and platform engineering. Together, these moves showcase Hyderabad’s ability to serve as a tech command hub for consumer-facing global companies.
Pharma, Biotech & MedTech: Hyderabad is new Life Sciences capital

The biggest momentum, however, has come from the life sciences and medtech space. From July 29-31, the U.S.-based Agilent Technologies inaugurated its Biopharma Experience Centre in Hyderabad. This facility supports drug development workflows, lab training, and advanced analytics for pharma companies, consolidating the city’s reputation as a knowledge capital for drug discovery.
Less than a week later, on August 6, pharma major Eli Lilly opened a 2.2 lakh sq ft technology and innovation centre in HITEC City. Starting with around 100 employees, the company plans to scale to 1,500 hires in the next three years. The centre is designed to handle global digital health, clinical data, and AI-enabled drug research, placing Hyderabad at the frontier of pharma-tech convergence.
Backing this momentum is venture capital investment. The U.A.E.-based Shaiva Group and Taranis Capital together committed Rs. 2,125 crore earlier in June across biotech and medtech startups like Revelations Biotech, Manakin Bio, and Yentra Tech, with another Rs. 24,000 crore pledged over three years. These investments promise to fund a new generation of companies working at the cutting edge of genomics, biologics, and healthcare devices.
Industrial & manufacturing tech: The ‘corridor’ strategy
Even as Hyderabad enhances its services profile, the Congress government’s strategy, led by Revanth Reddy, can’t be clearer: manufacturing and industrial investments will be located in the belt between the Outer Ring Road and the Regional Ring Road. This “corridor strategy” is designed to create a rural-urban economic bridge while keeping Hyderabad free from industrial congestion.
Among the most notable entrants is Daikin, the Japanese air-conditioning giant. Partnering with EY, Daikin announced a GCC in Hyderabad in August that will focus on industrial IoT, AI, and product digitisation – effectively bringing together advanced manufacturing with software-driven innovation.
On the startup side, Shaiva-Taranis-backed ventures such as Exigent Drilling and Svobodha Infinity are setting up advanced manufacturing units that complement Telangana’s vision of “distributed industrial growth”. This ensures that while Hyderabad hosts global capability services, Telangana benefits from job creation in engineering and fabrication.
While GCCs have long been Hyderabad’s strength, the July-August wave has been unprecedented. Apart from Costco, Dai-ichi Life and Deutsche Börse opened technology centres, employing hundreds across fintech, insure-tech, and capital markets engineering. These GCCs, though diverse, secure Hyderabad’s place in the global innovation network, reinforcing its services-first identity.

Balancing services & industry: The ‘TelanganaRising’ model
Revanth Reddy’s policy clarity is what drives these developments: with Hyderabad emerging as a ‘services city’, the manufacturing and heavy industry are deliberately nudged towards the ORR-RRR corridor. Telangana is, therefore, building a model that broadens opportunities and prosperity to rural districts, suburbs of Hyderabad and peripheral regions, while avoiding the downside of urban congestion.

The outcome is visible in just two months: Hyderabad has seen Apple, Wise, Costco, Agilent, Eli Lilly, Coupang, and Daikin expand or launch operations – spanning IT, fintech, pharma, biotech, medtech, retail, and industrial IoT. Collectively, these investments will generate thousands of direct jobs, create a multiplier effect across real estate and services, and make the world look at Telangana as the hub of India’s next wave of knowledge-driven growth.
Hyderabad is today shaping a 2047-ready economy, by adding multiple workspaces – brick by brick. With global giants pushing IT and pharma innovation, startups reimagining biotech and medtech, and manufacturing ventures finding space beyond the ORR, Telangana is creating a dual growth engine – a model of balanced development that has the potential to see the State’s economy triple in the next two decades.