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India ranks third in the world in terms of attracting investment for technology alongside tech hubs like San Francisco, Berlin, and Shenzhen. Bengaluru, a well-known hotspot for development and innovation, is pegged to become the next Silicon Valley thanks to its specialised talent pool and infrastructure. Home to technology companies such as Infosys, Wipro, Mindtree, and Mphasis, it is headquarters to 80% of global IT companies and accounts for almost 34% of India’s total IT exports. This proximity to suppliers, buyers, and cutting-edge research gives each a competitive advantage. Furthermore, Bengaluru’s proficiency in IT, rapidly expanding talent base and fast-growing strategic relevance for global businesses have together created great opportunity for the city to position itself as a global leader in innovation and R&D excellence.
Let us take a closer look at the top five reasons why Bengaluru is positioning India at the top of the world’s product development map:
The Indian technology ecosystem has all of the right ingredients needed to make it an attractive destination—not only for global companies, but for home-grown organisations to set up their R&D centres. Further, the young workforce and availability of skilled talent in disruptive technologies such as AI/ML, IoT, RPA, Blockchain, etc., makes it even more appealing for companies, enterprises, and tech “unicorns” alike. As almost all of the popular IT Tech parks are occupied and new ones are filling at a fast pace, engineers will have many promising employment options to choose from in the coming years.
Views are personal.
The author is VP – Head of Strategic Development Centre, Product & Engineering, Blackhawk Network India
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