Bangalore, the silicon valley of India, has witnessed a spectacular
transition in its economic growth and image from being known as the
"Pensioners Paradise," to becoming the country's most attractive IT
destination. Bangalore strengths include a large base of education
and research institutions, telecom connectivity, quality of life,
better state policy, availability of good office space, positive
perception among investors and its wonderful weather! Bangalore
still ranks Number One (amongst the metros) within the ITES space
take-up (over 3 million square feet in the last six months alone!)
The city has leveraged the prowess of its IT industry to emerge as
the leading ITES-BPO destination in India.
Laptop Battery IT Bangalore may not, however, continue to grow at its usual
pace after the Devegowda-Narayan Murthy episode. The story,
however, does not end with Bangalore. The ITES/BPO industry in
India is experiencing its third wave of growth. In the first phase,
the industry was dominated by captive centers of large
multinationals such as GE, American Express and Swiss Air, who set
up operations in India. In the second phase, the growth attracted
numerous entrepreneurs (in many cases, employees of multinationals
who quit their jobs to set up their own ITES ventures). The third
phase is geographically dispersed with new locations emerging on
the horizon.
Being the "Silicon Valley of the North", tech companies such as IBM, Sun Microsystems and Compaq.
Thinkpad The trend has been largely driven by four factors:
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Microsoft . The need for Business Continuity planning, to preempt the
exposure to a particular city, which has forced most companies to
diversify to alternate locations.
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Laptop Computers . Improvement in key infrastructure areas like power, telecom
bandwidth and real estate in newer locations
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Laptop Computer .The desire by state governments to attract investments, which
has resulted in attractive policy environments and incentives being
offered
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Desktop Computer The need for ITES companies to lower operating costs especially
employee costs and attrition.
Emergence of tier II and Tier III Cities as alternative "Silicon
Valleys" in India
Notebooks Mumbai, Delhi, and Bangalore are deemed as tier I cities. Till
few years back these three cities were the first choice for most of
the overseas companies. But, as the prices soared here, and the
human resources became scanty, these companies moved on towards the
tier II cities. In this category we include Hyderabad, Pune, and
Chennai. But even these are proving to be somewhat unsuitable for
the entrepreneurs. Consequently, the inclination of Indian and
overseas companies is now getting towards tier III cities. Among
the tier III cities Chandigarh is being given a huge importance.
Chandigarh has become IT companies' first choice among the tier III
cities in the country. The foremost reason for this is the high
availability of a talented workforce and premium quality of life in
the city. Ahmedabad closely follows on the heels of Chandigarh.
Lenovo
There is a clear indication that the other states are seriously
working towards grabbing a share in the booming India ITES sector.
Bangalore's success has set a great example for the other states to
follow. This has also initiated a healthy competition between the
states and locations known as tier II and tier III cities such as,
Kolkata, Chandigarh, Jaipur, Ahemdabad, and more recently,
Kochi.
Hard Drive Since long, India's software and outsourcing services have been
focussed athwart a few hubs, encumbering their intensification to
pockets of incredible growth in a nation of 1.06 billion people.
Detractors said this growth was not stirring the lives of people
across the rest of the country. The spread of IT and ITES to less
important towns will change that, as this revolution reaches out to
the 300 million-strong middle class, one of the world's most
prominent budding markets. This will generate thousands of new
jobs, new education opportunities and probably make local
governments more tech- savoir-faire. All this advance is a pointer
to the next stage of India's information technology and IT enabled
services bang.
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