BANGALORE CITY- THE IT HUB
The Child of India's globalization, Bangalore is where the country's IT industry began its dramatic success story.
Once it is known for its lush farmlands, it's now home to a variety of the only international and domestic technology companies which are creating many roles for young Indian engineers from all across the country.
Like 24-year-old Zubair Aslam from Uttar Pradesh in northern India. He moved to Bangalore for employment as a programmer. He says he is living his dream.
"I'm earning the utmost amount as my father - he has worked for 31 years as a government servant," he says. "Whatever he is earning now, that was my starting salary. I started at that level. So it feels good."
It all began within the 70s when the government had demarcated an outsized piece of land outside Bangalore for an electronic city. But this was pre-liberalization days when the taxes were very high and everything was controlled through licensing.
Imports were restricted and there have been significant limits on currency conversions. A domestic technology start-up, Infosys was established in 1981 - an equivalent year IBM introduced the private computer.
One advantage it had was that Indian educational institutions were offering good courses in computer engineering and therefore the country was creating computer professionals on a par with the remainder of the world. By 1983, both Infosys and another future tech giant, Wipro, moved to Bangalore and therefore the country's fledgling IT industry began to grow round the two firms.
But the city's global foray only really began when Texas Instruments opened its facility within the city in 1984. After the economic liberalization within the 90s, India's software export industry has grown rapidly. Companies here have an enormous cost advantage - an English-speaking, highly-educated workforce that's available at but 1 / 4 of the wages paid within the US or Europe.
Bulk hiring became common practice and every of the businesses employed many workers.
Kris Gopalakrishnan of Infosys says Indian companies are now producing world-class engineers.
Infosys has been at the forefront of that growth.
"Today if you are taking the very best 10 information technology services companies within the planet, you'll find four or five Indian companies," says Kris Gopalakrishnan, co-founder of Infosys.
"That's what has given confidence only to not just children, but other industries also, to say that from India you will be a world class company, from India you complete with the simplest within the world and from India you'll actually leave and conquer the planet."
The industry now adds quite 200,000 jobs a year providing employment to just about 10 million people. The sector accounts for nearly $85bn (£55bn; 65bn euro) worth of exports per annum. Today around 40% of the country's IT industry is concentrated in Bangalore. With quite 500 companies offering back-office and outsourcing services, the industry here generates quite $17bn revenue a year.
But it not wants to be referred to as just an outsourcing hub, companies here are moving up the worth chain to become global powerhouses. Enormous number of big ideas, talent, and technology infrastructure meant that global research and development have also moved here.
SAP, the German business software firm in 1998 set its center in Bangalore within the south of India when it decided to extend its "labs" beyond Europe and thus the US.
Now the company says there is a touch of Bangalore in every SAP product everywhere the earth. It's not alone; global multinationals like Microsoft, IBM, Cisco, Oracle, Adobe and Intel all have centers here. The ability overflow from the city's IT industry is presently making the city a center point for pioneering development with many systems administration bunches who normally meet at coffeehouses offering peer backing and thoughts.
They are abandoning job searchers to job makers. Like Amit Sharma who founded Gountucked.com, a corporation that creates funky T-shirts. He came back from the US to start out his company in Bangalore.
Jyoti Ramnath says once you begin an organization , it's vital to possess a network which can provide the support for fixing an office, legal advice or just finding the right staff. Her company, Craftmygift.com specializes in personalized gifting.
"The concept of co working in Bangalore has really began which i share my office with another start-up during a key location," she further explains.
"That brings down my entire running costs."
So, despite outsourcing bringing within the city's success within the worldwide economy, for subsequent phase, innovation and entrepreneurship seems to hold the key for Bangalore's digital future.
Edited by Dhivya A
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