Monday, October 29, 2012

steel manufacturing companies in hyderabad


Steel Manufacturing Companies in Hyderabad

The city has attracted large public and private sector industries related to shipping, steel and heavy manufacturing. Major companies such as ... The city is also emerging as a viable alternative to Hyderabad for the IT/ITeS sector. This is mainly on ... It has many small and medium IT/ITeS companies apart from a few blue chip companies such as IBM, TCS, Wipro, Sutherland and Mahindra Satyam Services that have their presence in the city. Other major industries are ...

Steel Manufacturing Companies in Hyderabad

Share ArticleRead More:Beach RoadBharat Heavy PlateBPCL Bottling UnitCoromandel FertilizersCushman & WakefieldDhaba GardensDwaraka NagarGAILHindustan Ship YardHindustan ZincIndian Oil Company (IOC)

Visakhapatnam or ‘Vizag’ as it is popularly known, is considered as one of the most prominent port cities in eastern India. In its extensive survey on next generation of top ten business destinations across the country, Cushman & Wakefield has discovered Vizag as one of the ideal business destinations.

With a population of over 1.7 million and the formation of ‘Greater Visakhapatnam’ in 2005, the city’s development is set for a quantum leap. Some of the major industries operating out the Visakhapatnam are shipyards, fisheries, and steel works which have made it an economic powerhouse within the region.

The city is emerging as the second-most important investment destination after Hyderabad in Andhra Pradesh. The city has attracted large public and private sector industries related to shipping, steel and heavy manufacturing.

Major companies such as Hindustan Zinc, GAIL, Indian Oil Company (IOC) Bottling Unit, BPCL Bottling Unit, Synergies Castings, Coromandel Fertilizers, Hindustan Ship Yard, Bharat Heavy Plate and Vessels Limited are located in the city.

The city is also emerging as a viable alternative to Hyderabad for the IT/ITeS sector. This is mainly on account of talent pool, infrastructure and comparatively cost-effective real estate in the city. It has many small and medium IT/ITeS companies apart from a few blue chip companies such as IBM, TCS, Wipro, Sutherland and Mahindra Satyam Services that have their presence in the city. Other major industries are telecom, fisheries & marine foods, apparel & textile, food processing, general engineering, refineries, bio-tech, pharmaceuticals, and chemicals.

The city currently has 13 operational and 9 notified SEZs which cater to the IT/ITeS, apparels, pharmaceutical and multi-product manufacturing.

The residential realty market of the city is undergoing significant development. The city has experienced a change in mindset from preference from traditional independent houses to high rise apartments. The key residential areas in the city are primarily Beach Road, MVP colony, Lawsons Bay, Waltair, Old town, Seetamdhara, Siripuram etc. Commercial centers such as Dwaraka Nagar, Dhaba Gardens have a mix of apartments and independent houses. Areas such as Madhurawada and Rishikonda have witnessed large residential projects catering to the housing requirements of IT/ITeS employees. Visakhapatnam Urban Development Authority (VUDA) has developed multiple residential projects through public-private partnership models with prominent local developers.

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