Why is bangalore called silicon valley

And fittingly, Bangalore earned the sobriquet of being the Silicon Valley of India after a considerable number of startups in the tech sector were born there. One of the main reasons for the tech rise has been the digital transformation in the country. Along with technology, Bangalore has an abundance of ideas. A major advantage of being an entrepreneur in the Karnataka capital is that the ecosystem is still maturing.

This means new ideas can be trialled and tested and there is plenty of room for innovation. And given India ranks 58th in the Global Competitiveness report — up five places from — it seems the country is set to move up in the coming years. The rankings were based on factors like human capital, agility, resilience, openness and innovation.

But despite more than eight million people living in the city and it being home to some of the most coveted universities in India, finding great engineers is challenging. And startups are where the coolest people work. So big companies are finding it much harder to attract talent. In fact, even professionals who have a wealth of experience prefer to work with startups. This makes it easier for entrepreneurs when hiring employees in terms of capital.

Bangalore which was once known for its green and fertile farmland and pastures is also now home to Information Technology Hubs and one of the most famous Educational and Research Institutes. A number of Industries are located in Bangalore. In the s, Bangalore started to developed and shine in the field of Information Technology.

There are so many engineering colleges opened up in Bangalore. Texas Instruments was the first foreign company to start operations in Bangalore which is famous for its Casio Calculators. There are almost headquarters of software companies here in Bangalore. This city attracts thousands of software engineers and IT specialists from all over India. There are various and tremendous advantages of foreign companies for operating through Bangalore as compared to other countries.

These companies hire highly educated Information Technology personnel and they have to pay only a quarter of cost as wages that they would have to pay in the United States or Europe. So many other industries like aerospace and aircraft manufacturing, Biotechnology and Machine making and electronics industry have flourished in Bangalore.

Bangalore has come up to be the most popular outsourcer in the world as well and companies from around the world choose this destination for Information Technology outsourcing tasks. However, it is not only famous for outsourcing but a lot of Research and Technology Development is being carried out here. Government of Karnataka along with support from Government of India has over the years built the critical infrastructure needed to support the growth of IT Industry.

This includes. Government of Karnataka also has an IT policy aimed further cementing the position of Bangalore and thereby Karnataka as the IT hub of India. The strategy of this policy is aimed at addressing following points. The government is also committed to digitalization and hence has established — Karnataka Digital Economy Mission. The core aim of this mission is to promote and support digital industry growth and investments in Karnataka.

Both companies originated in Bangalore. The IT industry employs roughly 4. But the economy alone cannot explain the rise of this IT utopia. And, in this whirlwind of entrepreneurial upheaval, AI, machine learning, and IoT are saturating the market and bulking up the ecosystem. However, the raw statistics alone barely reveal the curious ways in which Bangalore is emerging as a world city , and it is a dynamism that is tricky to capture in absolute terms or stock phrases.

Whole neighbourhoods are flooded with luxurious boutique-style shops and extravagant living arrangements. Planning policies and the massive influx of investments have overhauled a city that used to be more popular among retirees and instead created a space for unprecedented levels of technological creativity and disruptive innovations.