|
|
| |
 |
|
|
| |
BANGALORE – THE BURGEONING METROPOLISK
arnataka, located in the southern part of India, is the ninth most populated State in India and is divided into 29 Districts with a total area of 191,791 sq km that accounts for 5.83 per the Arabian Sea to the West, Goa to the Northwest, Maharashtra to the North, Andhra Pradesh to the East, Tamil Nadu to the Southeast, and Kerala to the Southwest. Karnataka State is extending approximately 700 km along the North ‐ South direction and 400 Km approximately in the East ‐ West direction. Bangalore is the administrative and financial capital of the State.
|
|
 |
With an economic growth of 10.3%, Bangalore is one of the fastest growing metropolises in Asia. Bangalore population has been growing at a rate of 3.25% per year in the last decade. With sobriquets such as Silicon Valley, Garden City and Pensioner's Paradise, the city has been able to retain its traditional charm, despite the onslaught of modernism.
Bangalore’s unique advantage also emanates from the mature and thriving ecosystem that supports the IT and ITES sector. Apart from strong education system that is a continuous source of quality manpower and industry friendly policies, the existence of complementary and supplementary industries also makes Bangalore the fourth largest IT cluster in the world.
BANGALORE ‐ INDUSTRY PROFILE
Bangalore is the Information Technology (IT) & Bio‐technology (BT) capital of India. Over 2,000 IT & IT Enabled Services (ITES) companies, including more than 100 Fortune‐500 companies have established their operations in Bangalore generating IT & ITES exports of around INR 700 billion (US$ 16.3 billion) and directly employing over 650,000 professionals.
Some of the prominent Fortune‐500 companies having operations in Bangalore are General Electric, Toyota, ING, Microsoft, Intel, Citigroup, IBM, HP, Dell, Societe Generale, TESCO, CISCO, AXA, Sun Microsystems, HSBC, Accenture, Motorola, Flextronics, 3M, Honeywell, Siemens, Bosch, Tyco, Astra Zeneca, ABB, Alcan, JP Morgan Chase and Goldman Sachs. Prominent Indian IT&ITES companies like Infosys and Wipro
have their headquarters in Bangalore, while Satyam & TCS have major operations in the city. Annual disposable income of the professionals employed in IT&ITES sector at Bangalore is estimated to be around INR 120 billion (US$ 2.79 billion) per annum.
Bangalore is home to around 200 Bio‐tech companies (more than 50% of Bio‐tech companies in India), which are growing at 40% p.a. and accounting for more than 60% of total BT exports from India.
Over the past few years, Bangalore is emerging as one of the major Medical Tourism destinations in the world due to availability of tertiary and quaternary hospitals of international standards with significant cost advantage. Over 200,000 medical tourists visited India for medical treatment to the tune of US$ 600 million in 2007, which is expected to increase to US$ 2 billion by 2012.
Apart from IT & ITES sector, Bangalore and its surroundings house manufacturing facilities of Toyota, Volvo, Tyco, Bosch and other large & medium scale industries in various industrial areas in and around Bangalore.
Presently, IT & ITES companies are concentrated in and around Central Business District, East Bangalore (Whitefield, International Tech Park Bangalore (ITB) developed by Ascendas), South‐East Bangalore (Electronic City spread over 440 acres, Sarjapur‐Outer Ring Road). However, with the International Airport becoming operational near Devanahalli (40 kms North of Bangalore), major real estate projects and developments are witnessed between Bangalore city and new International Airport.
|
|
|
|
| |
|
|
|
|
