Hyderabad is known as the "City of Pearls" because of its role in the pearl trade. Until the 18th century the city was the only global trading centre for large diamonds. Hyderabad's commercial markets are divided into four sectors: central business districts, sub-central business centers, neighbourhood business centers and local business centers.
The financial, economic and political capital of Andhra Pradesh, Hyderabad is one of the richest cities in India and has been named the second best Indian city for doing business, according to a World Bank Group report. It is one of India's prominent biopharmaceutical and pharmaceutical hubs and has large tracts of land devoted to software development and information technology research.
Hyderabad is a tourist-friendly city with a deep sense of tradition and a rich and vibrant culture. The past and the future co-exist harmoniously in this city which once housed the royal Nizams and now houses India's modern and trend setting hi-tech and IT industries. Business and pleasure can mingle on a visit to Hyderabad as there is much to see and learn.
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