Hyderabad, Feb. 12 -- Hyderabad is no longer just a back-office for global enterprises but is fast becoming a strategic hub for high-value innovation, deep-tech, and intellectual property creation, Telangana information technology, electronics and communications minister Duddilla Sridhar Babu said on Tuesday.

Delivering the keynote address at the 32nd Hyderabad Software Exporters Association (HYSEA) national summit and awards, Sridhar Babu said Telangana was envisioning a transition from Global Capability Centres (GCCs) to Global Value Centres (GVCs), a move that will place Hyderabad at the heart of the next wave of global technology and business transformation.

"Over the past few years, GCCs have positioned Hyderabad as a key global hu...