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 #DevSparks2024, 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 and corporate enterprises, and local talent have made it an attractive hub for tech professionals. He also stressed the importance of the "virtuous cycle" created by these collaborations, which has been 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, are playing a big role in transforming the city.