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Wednesday, October 23, 2013

India's own silicon valley: Bangalore, by 2020 it will become the largest collection of talent in a single location on the planet.

Consider a powerful and astonishing fact. Bangalore today is the world's second largest IT/ITeS cluster in the world, second only to Silicon Valley. 

By 2020 it will become the largest collection of talent in a single location on the planet, with 20 lakh IT professionals, about 60 lakh indirect employment and exports worth Rs 4 lakh crore. The corresponding numbers today are 9 lakh, 27 lakh and Rs 1.35 lakh crore. This is more than the combined numbers of Chennai and Hyderabad, by a wide margin.

Of the Fortune 500 companies, Nasscom's estimate is that around 105 have a direct presence in India and nearly half of these companies have a direct presence in Karnataka, employing around 1,60,000 people.

It's imperative to understand that competition is not just among Indian states but between India and the US, UK, China and even Philippines and Vietnam. Against this landscape, Karnataka.

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