Silicon Valley of India
Situated in the San Fransisco Bay Area, Silicon Valley is a globally acclaimed hub for technology and innovation. But across the globe, in India, there exists a region that reflects the essence of Silicon Valley and is carving out its distinctive identity on the world map. Welcome to Bengaluru, often referred to as the “Silicon Valley of India.” This dynamic urban hub has grown into India’s primary epicenter for technology, startups and innovation, following a trajectory reminiscent of its famous American counterpart.
Bangalore, An Innovation Hub
Bangalore boasts a thriving ecosystem of innovative IT companies that have transformed it into a technology powerhouse. The journey began in 1978 when the Karnataka Industrial Development Board (KIADB) established Electronic City, laying the foundation for tech giants like Infosys, Wipro and many others.
Today, there are over 5,500 IT companies operating in Karnataka, with a majority based in Bangalore, making it one of the top technology clusters globally.
Start-up Ecosystem of Bangalore
Bangalore’s startup scene has been nothing short of spectacular. The city provides an ideal environment for startups to incubate, test and commercialize their products and services. Success stories like Flipkart, Ola and Practo have catapulted Bangalore to the forefront of the global startup landscape. The city houses the highest number of unicorn startups in India, making it a hotbed for entertainment talent.
Availability of Skilled Workforce
A crucial factor behind Bangalore’s technological prowess is its abundant pool of skilled manpower. The city contributes approximately 33% of India’s total IT talent. With over 800 colleges, including prestigious institutions like IISc and IIM-B and an annual influx of 90,000+ engineering graduates, Bangalore continues to fuel the growth of the IT industry.
R&D and Global Innovation
Bangalore is not only home to IT companies but also serves as the location for numerous global innovation centers. Leading Fortune 500 companies like SAP Labs, IBM and Accenture have set up their Global Capability Centers in the city. Furthermore, Bangalore houses around 400 R&D centers and 85 chip designing facilities, highlighting its significance in cutting-edge technology development.
Infrastructure and Government Support
The Karnataka Government, in tandem with the Indian government, has invested heavily in infrastructure to support the IT industry’s growth. The state boasts two international airports, ample power supply and a robust educational system. Government policies, including the IT policy (2020-2005) and the Karnataka Digital Economy Mission, are designed to further solidify Bangalore’s position as the IT hub of India.