The correct answer is: A) Biotechnology companies.
Hyderabad is known as the “Genome Valley” due to its concentration of biotechnology companies. The city is home to a number of research institutes and universities, as well as a large number of biotechnology companies. These companies are involved in a variety of research and development activities, including the development of new drugs and therapies, as well as the development of new diagnostic tools.
The city’s concentration of biotechnology companies has been attributed to a number of factors, including its strong academic institutions, its proximity to the IT hub of Bangalore, and its relatively low cost of living. The city’s government has also been supportive of the biotechnology industry, providing financial incentives and other support to companies.
The development of the biotechnology industry in Hyderabad has had a number of positive impacts on the city’s economy. The industry has created a large number of jobs, and it has also attracted investment from foreign companies. The industry has also helped to improve the city’s infrastructure, as well as its reputation as a center of innovation.
However, the development of the biotechnology industry has also had some negative impacts on the city. The industry has led to an increase in the cost of living, and it has also led to an increase in traffic congestion. The industry has also been criticized for its environmental impact.
Overall, the development of the biotechnology industry in Hyderabad has had a positive impact on the city’s economy. However, the industry has also had some negative impacts on the city, which need to be addressed.
Here is a brief explanation of each option:
- Option A: Biotechnology companies. Hyderabad is home to a number of research institutes and universities, as well as a large number of biotechnology companies. These companies are involved in a variety of research and development activities, including the development of new drugs and therapies, as well as the development of new diagnostic tools.
- Option B: Textile mills. Hyderabad is not known for its textile mills. The city’s economy is driven by the IT industry, as well as the biotechnology industry.
- Option C: Mining operations. Hyderabad is not known for its mining operations. The city’s economy is driven by the IT industry, as well as the biotechnology industry.
- Option D: Software firms. Hyderabad is home to a number of software firms. The city is a major center for the IT industry.