Introduction
The city’s rapid development, the collaborative efforts of the government and corporate enterprises, and local talent have made Hyderabad an attractive hub for tech professionals, said the chief digital officer of fintech firm Broadridge India, at DevSparks.
Hyderabad is poised to become India’s next Silicon Valley, thanks to a concerted effort in building world-class infrastructure, fostering innovation, and supporting incubation, said Kishore Seshagiri, Executive Director and Chief Digital Officer of fintech firm Broadridge India
During his keynote on ‘Hi-tech Hyderabad: Placing Indian Devs on the Global Map’, at YourStory’s Devspark Seshagiri highlighted the city’s impressive GDP growth of 8.47%, surpassing the national average. He said Hyderabad’s GDP would reach $200 billion by 2035.
Seshagiri noted that the city’s rapid development and the collaborative efforts of government policies corporate enterprises, and local talent have made it an attractive hub for tech professionals. He also stressed the importance of these collaborations’ “virtuous cycle”, which was pivotal in Hyderabad’s success.
Highlighting the city’s infrastructure, he mentioned that key institutions such as IIIT Hyderabad and IIT Hyderabad, and initiatives such as T-Hub, which support innovation, play a big role in transforming the city.
Seshagiri stated, “We have great institutes and accelerators like T-Hub, and it is a great opportunity for people who want to be founders.”
He also outlined three factors essential for Hyderabad’s continued growth: incubation, innovation, and infrastructure.
Urging developers to shift from a “developer mindset” to an “engineering mindset”, he said, “Start thinking about how to build scalable, secure, and resilient systems.”
Seshagiri also highlighted the need to transform from a project approach to a product mindset. “A product is an ever-living organism,” he remarked.
Hyderabad, often called the “City of Pearls,” is now shining in a different light as India’s rapidly growing tech hub.
With its rich history, diverse culture, and burgeoning IT industry, Hyderabad is positioning itself as a serious contender to become the next Silicon Valley of India.
At the forefront of this transformation is Kishore Seshagiri, the Senior Vice President at Broadridge India, who believes that Hyderabad has all the ingredients to replicate the success of Silicon Valley.
The Role of Broadridge India in Hyderabad’s Growth
Broadridge India, under the leadership of Kishore Seshagiri, has played a significant role in Hyderabad’s tech growth. The company, which provides technology-driven solutions for financial services, has established its global technology and operations center in Hyderabad.
This center not only serves as a key pillar for Broadridge’s global operations but also contributes to the local tech ecosystem by providing employment, fostering innovation, and collaborating with educational institutions.
Kishore Seshagiri envisions Hyderabad as a global tech hub and believes that the city’s combination of talent, infrastructure, and government support makes it well-positioned to achieve this goal.
Broadridge India’s commitment to Hyderabad is a reflection of the broader trend of multinational companies recognizing the city’s potential and investing in its growth.
Lessons from Silicon Valley
While Hyderabad has many of the ingredients needed to become a global tech hub, there are valuable lessons to be learned from Silicon Valley.
One of the key factors behind Silicon Valley’s success is its culture of innovation, where risk-taking is encouraged, and failure is seen as a stepping stone to success.
Hyderabad must work to cultivate a similar mindset, where entrepreneurship is celebrated, and new ideas are given the space to flourish.
Additionally, Silicon Valley’s success is built on a strong network of venture capitalists, mentors, and industry experts who support startups.
Hyderabad needs to develop a similar network to provide the resources and guidance that startups require to succeed
Conclusion
Hyderabad is well on its way to becoming the next Silicon Valley of India. With its growing IT infrastructure, skilled talent pool, supportive government policies, and high quality of life, the city has all the ingredients needed to replicate Silicon Valley’s success.
Kishore Seshagiri’s insights underscore the city’s potential and the role that companies like Broadridge India are playing in shaping its future.
However, the journey is not without challenges. Addressing infrastructure issues, fostering a startup culture, and building a global brand are essential steps in this journey.
With the right vision and strategic planning, Hyderabad can indeed emerge as a global tech powerhouse, leading India into the next era of technological innovation.