India in general is growing rapidly in terms of transitioning to technology and digitalisation. The Indian population is becoming more dependent on the usage of technology. From the government to the private sector there is a lot of input within this to spread high speed connectivity across the country and provide hardware and services which in return put Indian consumers and businesses online. (Kaka, et al., 2019)
Author: Mohamed Omar
Research shows that the average mobile phone user in India uses more than 8 GB of data each month. This is more than the average in more digitally advanced countries. India also has the world largest biometric identification system which verifies the identities of 1.2 billion people. Over all this shows how India has had a massive leap into the digitalisation and technology enablement in their country.
The original “Silicon Valley” is in San Francisco, California, USA which is home to the likes of Apple, Facebook and Google. This indicates this place is a Hub for technological companies. Likewise, in Bangalore, India is also a hub for these sort of companies and known for its advanced technology. This can be seen by the amount of multinational corporations that have offices in Bangalore, such as Apple, Intel, Cisco, Adobe and Google. This shows that this city is a hotspot for technology that contributes, evolves technology enablement in India and also great place for opportunities to extend technological companies for the Asia market. Bangalore is also home to 35% of India’s 2.5 million IT professionals.
Although India has many big and rich metropolitan cities such as Mumbai and New Delhi, Bangalore still manages to overtake them according to Startup Genome 2019 where it is within the was among the top 14 leading global advanced manufacturing and robotics ecosystems. (Saraogi, 2019)
Bangalore is a city that has created endless opportunities for entrepreneurs to shine and expand. An example of this is Ola which was at first established in Mumbai, India but relocated their headquarters to Bangalore after hearing about the opportunities. Elite Business Magazine referred in an article to Benn Legg, managing director of Ola UK, according to whom: “While Mumbai is a bigger and richer city, [the founders] needed a lot of engineers and there’s way more in Bangalore and if you want to build an awesome product quickly, you need to be in a place where an engineering shortage isn’t going to hold you back”. The move to Bangalore did aid Ola to expand and get the right resources. Furthermore, it helped them enter international markets including UK and Australia in addition to this they had received funding from both Indian and foreign investors. Legg goes on to compare Bangalore to Silicon Valley, USA “Just like Google, Facebook or Apple’s head office remain where the action is — which is in America, Silicon Valley — I expect the same with Bangalore”. Legg shows how much Bangalore is important to business. (Saraogi, 2019)
Besides Legg and other entrepreneurs who successfully do business in India’s Silicon Valley, Swiss entrepreneur and founder of n’cloud.swiss AG André Matter also followed the calling of Bangalore. “The city of Bangalore and the entrepreneurial mindset of its population have had a forever lasting impact on me and my team. The opportunities are endless for us and this is why we are convinced to have chosen the right destination and the place-to-be with Bangalore to expand further our business in the Indian market.”, highlights André Matter.
Bangalore is one of India’s most vibrant cities in which there are many coffee shops, bars and restaurants. These places have become a hotspot for entrepreneurs to come and meet, usually to discuss business ideas and talk about the main subject most entrepreneurs there discuss, namely startups. This is why there is an attraction to Bangalore for entrepreneurs especially the younger ones.
The government and a number of programs are seen as a catalyst in in the growing tech industry in this city. One example of this is a non-profit initiative setup by NASSCOM called 10,000 Startups. The vision is to expand the startup environment and enable development to connect these entrepreneurs with funders and mentors. They aim for 10,000 technology based startup businesses in India by 2024. So far they orate their outstanding progression and reputation they have by having created over 4000 startups, over 400 startup-corporate connects, 300 startups in global ecosystems and over 100 new product concepts.
The two soon-to-be giants in India’s blossoming tech industry — Infosys and Wipro — are also among the many companies that had their main head offices moved to Bangalore. Among them are also foreign companies that have moved their head offices to there with the aim of reducing cost by employing cheap local developers. This had a great response of the citizens on Bangalore as it provided many jobs for the people and in return improved the way of life. One the other hand, some have seen it as a disadvantage as Bangalore was now seen as a place for cheap labour for their skilled hardworking people and hence creating competition for more local companies.
Over all Bangalore is gaining a global level of recognition as The Silicon Valley of Asia, grabbing the attention of investors, engineers and technicians. They could one day become Asia’s tech hub but they still have at home many environmental and safety issues that need resolving before it can start competing with the likes of Singapore and China.