Business Buyers Should Eye on These Businesses in Hyderabad
- BY Jaspreet Kaur
Feature Writer, BusinessEx
- Mar 30,2021
- 14 Mins Read
Hyderabad is immensely rich in culture and history. Besides having aesthetic monuments and cultural ethos, the city is technologically advanced in turn, becoming an IT destination. The state’s government has made an ignoramus infusions in initiating and upholding digital infrastructure. According to The Times of India’s report, the IT exports from Hyderabad stood second in the country at INR 128,807 crore in Financial Year 2019-18 improving from previous year INR 109,219 crore in FY 2018-19.
Seeing the current business landscape, the city seems to be an apt place to make business bets. There are various businesses available for sale in Hyderabad. Observing the present state of the market, investors can narrow down business opportunities that are lucrative and meanwhile, in their budget.
Some of the thriving businesses in Hyderabad that entrepreneurs should eye on are listed below:
Herbal Health & Beauty Brand
As pollution is alarmingly rising in India, people, especially millennials have become conscious about its affect on their body. Skin problems, hair problems and premature aging are a few ailments that directly surface due to the pollution.
To avert these problems, Indian demographic is diverting their attention towards herbal products. Herbal products are preferably better than chemical-based products and do not have severe side effects. Owing to which, people are looking for good quality herbal healthcare and beauty brands. Buying an existing herbal health and beauty brand will be extremely valuable for buyers. Firstly, they would not have to work on establishing business and build its infrastructure. Secondly, they have to modify the business as per the current trend and customers' demand.
Fruits & Vegetables Retail Outlets
Food is one of the basic amenities for human beings. In the fast-paced city like Hyderabad, city dwellers often find it difficult to ascertain fine quality fruits and vegetables. For working professionals, it becomes a cumbersome task to locate vendors offering fruits and vegetables at reasonable prices.
To resolve the problem, interested buyers can infuse money in procuring fruits and vegetables retail outlets. Since the retail outlet will serve essential commodities, the business will not likely to shut in the offing.
Interested buyers can revamp the retail outlet after procuring and accordingly, meet customers' demands. They can also carry out promotional activities to catch customers' eyes.
The Indian pharmaceutical industry is gradually rising. Owing to the pandemic, the world’s economy is looking forward to the Indian pharma sector thereby, infusing and supporting it financially. It is the right time to set foot in the pharmaceutical niche. In order to enter the industry, it is not necessary to establish a pharma business. One can think of purchasing an existing pharma business also.
In this manner, one does not have to work hard in developing pharma infrastructure nor have to infuse a capital. Possessing a wide knowledge and know-how of the pharma sector would be sufficient to handle the business.
IT Services Company
Hyderabad is widely renowned for its IT hub. According to a media report, there are over 500 IT companies that are presently working in the city. In addition, the city has become a backbone of the Indian IT sector. At the moment, the rise of the IT sector is significant for the country’s development as it will help increase IT exports thereby, making efforts in balancing deferred balance of payment (BOP).
Interested buyers should therefore, think of buying an IT services company in Hyderabad. This will not only double down their investment but also contribute to the country’s tech advancement.
Interested investors and aspiring entrepreneurs can purchase these businesses for sale in Hyderabad. There are various other business opportunities in Hyderabad apart from the above-mentioned ones. If you know any thriving businesses that are available for sale in the city, then share with us in the comment section below.
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