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Hyderabad, the capital has emerged as the destination for the top global companies and centre of innovation and technology. He quoted how the IT sector grew from Rs 56,000 crore in 2014 to Rs 2,41,000 Cr in 202223 at an annual rate of 31.44 percent. In job creation it had surpassed Bengaluru in 202223 as per NASSCOM, he added.