Hyderabad has overtaken Bangalore says Kiran Mazumdar

The fact about Hyderabad racing ahead of Bangalore has been confirmed by India's richest businesswoman.

Blaming an 'ineffective' bureaucracy and 'very confused' ruling coalition in Karnataka, Biotech 'queen' Kiran Mazumdar-Shaw Friday said infrastructural woes were impeding the growth of Bangalore.

The Chairman and Managing Director of Biocon Ltd, India's largest bio-tech firm, also said future expansion of her company would not happen in Karnataka as the Government is not supporting the industry (in general). India's richest businesswoman said Bangalore is no longer the "venue of choice when it comes to at least showcasing India".

"Today, Hyderabad, to some extent, had overtaken Bangalore. Even US President George W Bush went to Hyderabad (during his recent visit to India)...didn't come to Bangalore..that was largely as a result of Bangalore's failing infrastructure", Mazumdar-Shaw said.