Hyderabad Emerging as Global Value Creation Hub, Says Sridhar Babu at Hartford India Technology Center Launch
Hyderabad is emerging as a global value creation hub as Minister Sridhar Babu inaugurates the Hartford India Technology Center in Nanakramguda Financial District.
Hyderabad emerging as a global value creation hub gained further momentum as Telangana IT and Industries Minister D. Sridhar Babu inaugurated The Hartford India Technology Center in Nanakramguda Financial District. The new facility highlights the state’s strategy to expand beyond IT into multiple high-growth sectors.
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Hyderabad’s Vision as a Global Value Creation Hub
Speaking at the launch, the minister said the government is actively working to transform Hyderabad into a global value creation hub across industries such as:
- Banking and financial services
- Life sciences and healthcare
- Aerospace and manufacturing
- Fintech and deep tech
- Retail and digital engineering
He emphasised that the focus is on building industry-ready talent and strengthening an innovation ecosystem that supports next-generation technologies.
Hartford India Technology Center at Nanakramguda
The newly inaugurated Hartford India Technology Center in Hyderabad Financial District spans nearly 1.5 lakh square feet and is expected to create around 1,200 jobs.
Key highlights of the centre:
- Will collaborate with Hartford’s global tech hubs in the United States
- Focus areas include artificial intelligence, risk intelligence and digital transformation
- Designed to function as an engineering excellence hub
Officials said the expansion of a company with over two centuries of history reflects strong global confidence in Hyderabad.
Growing Presence of Global Capability Centres
The minister noted that Hyderabad now hosts more than 400 Global Capability Centres (GCCs), with major multinational companies operating large facilities in the city.
The state government is implementing policies to help GCCs evolve into Global Value Centres, moving beyond back-office roles into innovation and product development.
Why Global Companies Choose Hyderabad
According to officials, the city continues to attract investments due to:
- Ease-of-doing-business reforms
- Policy stability
- Skilled workforce
- Advanced digital infrastructure
These factors are helping Hyderabad strengthen its position as a major global technology and business destination.
The launch of the Hartford India Technology Center in Nanakramguda reinforces the vision of Hyderabad emerging as a global value creation hub, with the Telangana government aiming to drive innovation, job creation and next-generation technology growth across sectors.
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