Bangalore City Mecca for IT Sector
We all are familiar with the Silicon Valley of California, USA, but not many of us know that the uber-modern city of Bengaluru is called the Silicon Valley of India. The name given to the city reflects its contribution and significance to the IT sector of India. Bengaluru is a hub for Information Technology companies, with a plethora of them having its headquarters located here.
Though the name was given in the year 2012, the starting of this had begun long ago. It started way back in the 1990s when firms in research and development, technology, and software made the city their home.
People from all walks of life are moving to Bengaluru in search of a better job, and a better job. And it is quite commendable to note that the city has been faring well against all the expectations. For the last two decades, the city has become a hub of job in Information Technology. The city is producing the highest jobs in the IT sector all over India and has even been contributing to the IT-related exports at the maximum level.
The city has a plethora of IT parks where a multitude of technology-based firms is situated. The likes of Hitech Software Park, Prestige Tech Park, Salarpuria Infinity and Manyata Teck Park are located here. The city has some of the best infrastructure facilities and technology to offer, making it a hot spot as more and more firms are still coming in.
In addition to that, the city has been contributing majorly to the Gross Domestic Product of the state with approximately 55% and even that of the country. The firms in Bengaluru employ around 35% of India's job aspirants, offering lucrative salary and other perks.
Bengaluru is not just an IT capital, but also called as the start-up capital of the country. It is commonly believed that here in Bengaluru, a new start-up comes up every day. Now you must be wondering why that is so. Let's look a few factors which contribute to making it a start-up capital:
The city is blessed with the latest and cutting edge technology. As more new companies keep settling here, the pool of technology available sure rises with them, making it more advanced and facilitating easy business.
Bengaluru is not just home to IT firms but is also attracting investors at the same rate. With the high number of entrepreneurs and investors moving here, the availability of funds is increasing many times, further promoting start-ups.
The city is home to the biggest technology firms is also home to the largest pool of talent. With dedicated employees and the right guidance, it is not difficult to start a new venture. The right workforce is available in abundance.
Apart from that, in the last five years, a number of Fortune 500 companies have expanded their work to Bengaluru. It includes companies like Apple, Visa, Target, Walmart, and Airbus.
Even India's unicorn start-ups like Flipkart and InMobi have their headquarters in this megacity.
The growth of the city can also be witnessed in how the airport Kemoegowda International Airport, situated in the city has become the third busiest airport in the country with around 280 air traffic movements per day.
With its contribution, the employment and economic growth, the city has risen to become the fifth most preferred destination for multinational companies. Bangalore is becoming the number one choice for setting up innovation centers and get the right talent.
So if you are thinking about expanding and creating a more robust business presense in India, Bangalore clearly stands out as the best choice. The added advantage it has is its proximity to other good economies such as Hyderabad. Bangalore also gives you opportunities to save start up costs by offering a plethora of co-working spaces, besides you can choose to stay at service appartments which are gaining popularity as a preffered long stay option due to convenience and environment. You can look for serviced appartments and more stay options as book your stay with Roomsxpert.com – your trusted corporate travel agent http://www.roomsxpert.com/