Hyderabad is attracting facilities of major companies on the back of its highly skilled talent pool, world-class infrastructure and smooth road connectivity with minimal traffic congestion as well as affordable rentals, IT and Industries Minister D. Sridhar Babu said on Saturday.

Leading global financial institutions are choosing the city as their preferred destination for establishing global capability centres (GCCs), he said when a leadership team of New York-based global provider of technology services for financial markets Pico met him here. The company expressed interest in establishing a GCC in Hyderabad through its subsidiary PICO Technology India.