Deloitte may sign up 1.4 million sq ft of office space in Hyderabad

Source: Economic Times  Sep 18, 2014.

India's commercial real estate market is seeing big deals being struck once again in the top cities. In one of the largest leasing deals in the country,Deloitte is close to signing up 1.4 million sq ft of office space in Hyderabad for its BPO business. This isn't the only 1 million sq ft plus leasing deal in the market at present. Several top companies are looking for space to consolidate their offices and, more importantly, prepare for the impending growth that is expected as the economy improves. Bangalore leads in terms of companies looking for large office spaces.

While Tata Consultancy Services recently took up just under a million sq ft of space split between Noida and Gurgaon in the National Capital Region, Flipkart is looking to set up a new 1.5 million sq ft campus in Bangalore keeping in view the tremendous pace at which the e-commerce sector has been growing-."This signals revival in growth prospects for business. Many of these companies now have visibility about new business coming in," said Anckur Srivasttava, chairman of GenReal Property Advisers. Until a few months ago, many companies were still not too sure about growth.

Political uncertainty added to this. With a strong government at the centre and some new policy measures, companies have felt emboldened to go ahead with their plans.

Others looking to lease office space include management consulting firm Accenture, which is scouting for a million sq ft of office space in Bangalore. American financial services firm Wells Fargo is looking to lease 1.2 million sq ft in the city. One million sq ft of office space seats more than 10,000 people.

Juggy Marwaha, managing director, south, for Jones Lang LaSalle, which has the mandate to hunt for space for Flipkart and several other companies, said Bangalore will come back to peak 2007 levels of office space absorption—between 8 and 9 million sq ft this year. A spokesman for Accenture said: "We regularly evaluate our real estate portfolio on an ongoing basis to meet our business requirements and align our office space requirements accordingly."

A spokeswoman for Deloitte said the company will not be able to comment due to its internal compliance and regulatory policies. Flipkart declined to comment. Aveek Mukherjee, managing director, Wells Fargo India Solutions said: "We are currently conducting a proactive exercise to understand our potential real estate options in the city. We are yet to finalise on any property or expansion at this time."

Many of these firms are looking at built-to-suit facilities that will be set up over the next 24 months or so by which time they expect the economy to also scale up. This is also an opportunity for many corporates to lock in real estate when rentals are low. "Everyone is now anticipating that supply in relevant areas will get constrained, so rentals will rise," said Anshul Jain, country chief executive at real estate consultancy DTZ. "There is also a pickup in demand because of positive economic indicators."

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Telangana will be a role model for SHGs: Minister - The Hindu

Telangana will be a role model for SHGs: Minister - The Hindu

Capital of Telangana to revive as MBA education hub

With the creation of Telangana State on June 2, 2014, the political uncertainty in Andhra region and Hyderabad city came to an end. The erstwhile Andhra Pradesh was divided into two states – Telangana and Andhra Pradesh. Hyderabad was declared as the capital of the new State of Telengana. Peace and progress is returning to this cyber-city.  With its turbulent past behind, Hyderabad is all set to regain its old glory as an MBA education hub, at par with Delhi NCR, Bangalore or Pune. This article by MBAUniverse.com presents latest facts about the economic and business environment in Hyderabad, and various options to pursue your MBA in Hyderabad.

Click here to know top mba colleges in Hyderabad

 

Hyderabad Fast Facts:

• Hyderabad is fifth largest contributor to the India’s GDP.

• The city is home to more than 1300 IT and ITES firms, including global conglomerates such as Microsoft, Google, IBM, Yahoo!, Dell, Facebook and major Indian firms including Tech Mahindra, Infosys, TCS, Genpact and Wipro.

• World Bank ranked the city as 2nd best Indian city for doing business

• Corporate Headquarters of leading companies like Dr Reddy’s Laboratories, Mahindra, Satyam and  Karvy, GVK Bioscience, Hetero Drugs, IIL are in Hyderabad

• Indian School of Business (ISB) has put the city of Hyderabad on global management education map. The city has many other well known B-schools.

Let1`s look at the political, economy, business and education scenario in Hyderabad.

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Political Scenario

Telangana was carved out of erstwhile Andhra Pradesh on June 2, 2014 and K. Chandrasekhar Rao was elected as the first Chief Minister of the state. As of now the political disturbances due to Telangana Movement have come to an end. A new hope of development after bifurcation has now emerged. The presence of total of 168 Special Economic Zones (SEZs) in the state will pay more towards development and  Hyderabad as most developed part of Telangana will come in the eyes of global investors generating a number of opportunities. Telugu Rashtra Party is in the power in the state and is having the agenda of development and generating more employment opportunities.

Economy & Business Scenario

Hyderabad is decidedly one of India’s most important economic hubs, with marked growth in automobile, Information Technology, apparels bulk drugs and pharmaceuticals industry.  Due to its wide economic growth, Hyderabad can be rated as the economic and financial capital of the state of Telangana. Hyderabad is the largest contributor to the state's GDP and state tax. The city generates huge revenues and contributes a lion’s share to the state's tax revenue. The per capita income of Hyderabad was Rs. 44300 in 2011 

Hyderabad’s emerging future is one of India’s central Information Technology and IT enabled service hubs. Hyderabad will become a major transit hub between the US, Europe, and Asia, with the city having one of the fastest growing economies in India Hyderabad has a fast increasing tax base.

Hyderabad is home to the Hyderabad Securities formerly known as Hyderabad Stock Exchange (HSE), and houses the regional office of Securities and Exchange Board of India (SEBI). By the end of 2014, the upcoming Bombay Stock Exchange (BSE) facility in Hyderabad will provide operations and transactions services to BSE-Mumbai.

The growth of information technology (IT), IT-enabled services (ITES), insurance and financial institutions has expanded the service sector, and these primary economic activities have boosted the other sectors such as trade and commerce, transport, storage, communication, real estate and retail.

Hyderabad is a global centre of information technology, for which it is known as Cyberabad (Cyber City). In 2013it contributed 15% of India's and 98% of Andhra Pradesh exports in IT and ITES sectors.

Presence of Corporates in Hyderabad

Pharmaceutical Companies - Dr Reddy's Laboratories, Biocon, Aurobindo Pharma, Mylan, Shantha Biotechnics, Zenotech labs Ltd.

• Indian Immunological Limited is based in Hyderabad.      

• GVK Bioscience Limited is headquartered in Hyderabad.                                                                  

• Dr Reddy’s Laboratories Corporate office is based here.

IT Companies - Infosys ,Wipro,  Mahindra Satyam, Accenture, Agilent , Alcatel –Lucent , Amazon.com , Patni Computers, TCS , Zensar Technologies , Cognizant , Convergys, Dell , Delloite , HCL Technologies , iGate, IBM , DST Systems , Genpact, Wipro.

Software and Product Development - HP, Microsoft, Covansys, Sun Microsystems, SSA Technologies, Google , Yahoo.

Media Companies- Hyderabad is home to the second largest film industry in India by sheer number of films it produces. Home to Telugu film industry known as Tollywood.    

• Media organization like Doordarshan, The Times of India, The Hindu, The Economic Times is present in the city.

• The regional Channels like Andhra Jyothy News, URDU TV, ABN, TV9, ETV and HMTV.

• Sri Venkateswara  Cine Chitra Film Production Company Head Office.

• Sree Lakshmi Prasanna Pictures based in Hyderabad.

• 14 reels Entertainment is present in Hyderabad 

Telecom --- Motorola, IMI Mobile, VSNL, Samsung are present in Hyderabad.

• IMI Mobile is headquartered in Hyderabad. 

• Inno Garage consulting Company based in Hyderabad.                                                                      

• Perigreen is having its headquarter in Hyderabad.  

• SMSCountry Networks Pvt. Ltd based in Hyderabad

• Nokia customer operation Office in Hyderabad.

Banking & Finance - Bank of America, CFC, HSBC, UBS, BAJAJ Capital, The Hyderabad Stock Exchange Ltd, GE Capital. There is also a presence of  number of  PSUs in Hyderabad like BHEL, BEL, ECIL, etc.

• Microsoft is operating its largest R&D operations outside US in Hyderabad.

• Corporate Office of Dr Reddy’s Laboratories.

• Corporate Office GVK Bioscience Limited

• Karvy Private Wealth An Indian MNC is Headquartered in Hyderabad

• Mahindra Satyam is headquartered in Hyderabad.

• Hetero Drugs Headquartered in Hyderbad

• Home of Telugu Film Industry Tollywood

• NVIDIA , QUALCOMM Product Development offices in Hyderabad.

• Development Centre of Oracle.

• Presence of the corporate office of regional channels like Andhra Jyothy, Tv9 , Urdu TV

• Corporate office of Aurobindo Pharma Limited.

• Headquarter of ETV is in Hyderabad

• Elico Limited having Corporate Office in Hyderabad.

• LifeSpring Hospitals Indian Hospital Chain Headquartered in Hyderabad.

• Registered Office of Gulf Oil in Hyderabad.

• Dhama Innovations Pvt. Ltd is based Headquartered in Hyderabad.

Placement Opportunities

With the rapidly growing market and booming economy of  Hyderabad, there are a lot of career opportunities for the MBAs and  PGDMs to start with the Global Giants present in the City. Out of many corporates mentioned above, candidates can explore sector wise placement opportunities in accordance with their interests and specializations in Hyderabad.

IT/ITES

The city is home to more than 1300 IT and ITES firms, including global conglomerates such as Microsoft, Google, IBM, Yahoo!, Dell, Facebook and major Indian firms including Tech Mahindra, Infosys, Tata Consultancy Services (TCS), Genpact and Wipro.

Pharma & BioTech sector

Hyderabad is the place for the Corporate Office of the number of Pharnacetical Industry such as World renowned Dr. Reddy’s Laboratories ,Aurobindo Pharma, Hetero Drugs, GVK Bioscience,  Biocon , Indian Immunologicals Limited.

BFSI  -  The presence of the Banking and Financials Institutions like  Bank of America, Capital Finance Company , HSBC, UBS, BAJAJ Capital, The Hyderabad Stock Exchange Ltd, GE Capital  are the sources of employment to MBA Graduates.

Infrastructure & Logistics – Infrastructure and Logistics Federation of India (ILFI) declares Hyderabad as the Infrastructure Capital of  India. HiTec City And the new airport are the some show pieces of emerging story. Projects such as Hardware Park , NanoTechnology Park, Fab City, Aero Park will add jewels to the city and thereby generate the new employment opportunities to the MBA aspirants.

Consulting Firms – The Consulting firms like Accenture, Capgemini, Cognizant, Deloitte Consulting , Hewitt , Keane, KPMG is continuously opening doors for the employment opportunities to the Students.

Hyderabad as Education Destination

Hyderabad is one of the leading Education hubs of South India with the presence of the 13 universities like the University of Hyderabad, Osmania University and Jawaharlal Nehru Technical University (JNTU).  

Hyderabad has five major medical schools and leading technical and engineering schools such as the International Institute of Information Technology, Hyderabad (IIITH), Indian Institute of Technology (IIT-H) and Birla Institute of Technology and Science (BITS Hyderabad).

Talking about Management education, Indian School of Business (ISB) has put the city of Hyderabad on International map. The city has many well known B-schools like ICFAI IBS, VJIM, Institute of Public Enterprise (IPE), IMT Hyderabad,

The presence of the renowned global conglomerates and the renowned B-schools is going to bring a drastic change in the booming economy and thereby inviting candidates to carry their MBA programs in such corporate environment

Hyderabad B-schools at a Glance

Name	Established	Affiliation	Program	Flagship Prg Fee (Rs Lakhs)	Placement Highlight
Institute of Public Enterprises (IPE)	1964	AICTE AIU	PGDM  PGDMRM PGDBIF PGDM-IB	7.0	70+companies visited campus in 2014. Majority of offers from Banking Companies. 47 % offers in Marketing and 25 % in Finance.
ICFAI Business School (IBS)	1985	UGC  Deemed University	MBA	12	150+ Recruiters 950+ students placed in 2014 Highest  salary Package  Rs. 24 Lakh Offers in all Major sectors with 27% in IT/ITES
Vignana Jyothi Institute of Management        (VJIM)	1992	AICTE MHRD	PGDM PGDM- M PGDMGM	6.50	46%  offers in Marketing , 33% in Finance 16% in HR Average package of Rs. 4.5 lakhs 55 % are from Engineering  Background,
Siva Sivani Institute of Management (SISM)	1992	AICTE MHRD	PGDBIF PGDM-HR PGDM -M PGDM	6.75	200 hundred students placed in year 2014   Accredited Campus Associate of Deloitte. MOU with HDFC Bank for Placements.
Institute of Management (IMT) Hyderabad	2011	AICTE	PGDM  PGDM –F PGDM -M	11.0	80 + companies visited. 80% Batch placed with Top Corporates. 38% Marketing and  25 %  in Finance Average package 6.0 lakhs
MANAGE(National Institute of  Agricultural Extension Management, Hyderabad	1987	AICTE, NBA	PGDAEM PGDM-ABM DAESI	4.81	30 companies visited Highest package:Rs18 lakhs Average: Rs.7.04 Lakhs  (2013 data)
Vishwa Vishwani Institute of systems & Management	1988	AICTE	PGDM	5.40	Offers from leading Corporates in term of quality placements. Member of NHRD, AIMA, AIMS, AMDISA.

Data source: Respective B-schools

The presence of large number of conglomerates and the Indian IT/ITES industry in Hyderabad and renowned B-Schools with the Industry Academia Interface will surely attract MBA aspirants. The stable political situation and the aim of creation of new state for the development issues will generate new opportunities. Hyderabad as the developed and sophisticated place, will produce more global leaders by putting in the growth of Economy. So Learning Management in the shadows of Global Conglomerates will effect management education and will pull more MBA aspirants to Hyderabad.

 

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Wi-Fi not to be free for all in Hyderabad

ISB Dean Ajit Rangnekar shares a word with IT minister K.T. Rama Rao during the launch of the IT hub at Prayatak Bhavan, Hyderabad. —DC

Source : Deccan Chronicle  Sep 10, 2014

Hyderabad: Hyderabad may soon become a Wi-Fi city, but the service is not going to be free for all, as that may put a heavy burden on the server infrastructure and may even spark security concerns. The information technology department of the  Telangana State government is working towards developing a model to have a mix of free and paid Wi-Fi access, said IT and panchayat raj minister K.T. Rama Rao.

“We are trying to have a level playing field for the service providers and ensure that all the service providers participate. Wi-Fi will be available everywhere in Hyderabad. However, if we make it free for everybody, it will result in a huge burden on the network. Therefore, Wi-Fi access will have to be a mix of free and paid.  We are also exploring new technologies like ‘White-Fi’, which is an evolving technology,” he said. Discussing security issues, the minister said an R&D meeting will be held soon to resolve all such concerns.

Meanwhile, the crucial Information Technology Investment  Region project, which was approved by the UPA government at the Centre, has seen no progress. The minister plans to take up the matter with the Union minister for IT when he meets him on September 15.

Mr Rao said, “The Government of India has announced the ITIR project for Hyderabad. I have already sought an appointment with the Union minister for IT. The first phase of the ITIR project will be completed in the next five years, but it might take time to evolve and reach the state of generating 15 lakh employment, as predicted by NASSCOM.”

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