Economy of Bangalore Wikipedia. The headquarters of Infosys, Indias second largest IT company, is located in Bangalore. The Economy of Bangalore is an important part of the economy of India as a whole. The establishment and success of high technology firms in Bangalore has led to the growth of Information Technology IT in India. IT firms in Bangalore employ about 3. Indias pool of 2. IT professionals and account for the highest IT related exports in the country. Estimates of the citys income Metro GDP have ranged from US4. US8. 3 billion PPPGDP, and have ranked it either fourth or fifth most productive metro area of India. One of the important factors spurring Bangalores growth was heavy central government investment in Bangalores public sector industries, partially because it is geographically out of reach from Indias rivals Pakistan and China. This led to the concentration of technical and scientific navigator in Bangalore, and is a factor in leading the IT revolution in Bangalore. Karnatakas political leaders such as D. Devaraj Urs, Ramakrishna Hegde, Gundu Rao, Veerappa Moily, H. D. Deve Gowda, J. H. Patel and S. M. Krishna each played a pivotal role in the development of Information Technology and Business Process Outsourcing BPO in Bangalore. Today India is home to some of the finest software companies in the world. The software companies in India are reputed across the globe for their efficient IT and. Higher Education Directory 2017. Higher Education Directory 2017 3275 Institutes in 550 Cities A Perfect Multimedia Publication. BibMe Free Bibliography Citation Maker MLA, APA, Chicago, Harvard. When R. K. Baliga, Founder of the Electronics City proposed the concept of developing the electronic city in the early 1. Chief Minister D. Devaraj Urs at that time supported him and approved the project. This initial seed investment by the Karnataka State Government in 1. Electronics City. Silicon Valley of IndiaeditBangalore is nicknamed the Silicon Valley of India. The name signifies status of Bangalore as a hub for information technology IT companies in India and is a comparative reference to the original Silicon Valley, based around Santa Clara Valley, California, a major hub for IT companies in the United States. Bangalore, however, is located on a plateau and not in a valley the use of the term in reference to Bangalore is not truly toponymous. One of earliest mentions of this sobriquet occurred in late 1. Indian Express. 5 The more prevalent application of the nickname Bangalore began in the 1. Research and Development R D, electronics and software production. The Electronics City was the brainchild of R. K. Baliga, the first Chairman and Managing Director Karnataka State Electronics Development Corporation, a government owned agency aimed at expanding the electronics industry in the state of Karnataka established in 1. Baliga proposed the concept of developing the electronic city in the 1. The agency purchased 3. STPILogo_new.bmp' alt='Brigade Software Tech Park Bangalore' title='Brigade Software Tech Park Bangalore' />Bangalore for its Electronics City project, which was meant to establish an industrial park in Bangalore. Notwithstanding complaints by the industrial parks tenants on the condition of the roads, power and water availability, KEONICS claimed initially that the title of Silicon Valley of India belonged to the citys Electronics City campus. As part of its promotion of this concept, KEONICS distributed reprints of an article entitled Can Bangalore become Indias Silicon Valley that first appeared in Plus The Total Computer Magazine. The article made references to studies of Bangalore published by United States Agency for International Development USAID that favourably evaluated Bangalores capacity to grow into a high technology hub, similar to the Silicon Valley. The publication also published interviews with IT industry professionals on the state of the IT industry in Bangalore and their perceptions of what lay ahead in the future. Selected quotes from the interviews included If the Centre looks at Bangalore to be made into Silicon Valley, it would certainly become the Silicon Valley If you are talking of a Silicon Valley kind of atmosphere, then Bangalore already has it, but if you are talking of a product a day, then we are far from it Bangalore is certainly emerging as a software and R D subcontracting centre for multinationals It is not an unreasonable comparison to make between Bangalore city and Silicon Valley Bangalore has the ingredients to become Silicon Valley. It is probably the only city in India that could become one. The turn of the millennium witnessed the growth of internet based technologies which resulted in the dotcom boom. Bangalores IT industry grew during this period with the establishment of local and foreign IT companies. In 2. 00. 1, Business. Week published an article entitled Indias Silicon Valley which traced the growth of the IT industry in India and particularly in Bangalore. The use of the term Silicon Valley of India to refer to Bangalore grew in local media and as time progressed, in international media too. An article entitled Is the Next Silicon Valley Taking Root in Bangalore appeared in the New York Times in 2. Indeed, some articles in the western media wondered if the original Silicon Valley would one day be functionally replaced by Bangalore8Shashi Tharoor, has suggested that in place of the clich of Silicon Valley of India, Silicon Plateau of India would be appropriate. Information Technology ITeditBangalore is called the Silicon Valley of India due to the large number of information technology companies located there. Many multinational corporations, especially computer hardware and software giants, have operations in Bangalore. The city is home to more than 9. Bengaluru TIS is a public information project of the urban social technology firm, Mapunity. It combines information for the public, with administrative tools. Companies in Bangalore, List of All Companies in Bangalore, List of Pharma, Biotech Companies In Bangalore. IT firms. Bangalores IT industry is divided into two main clusters1. Merengue De Los 80 Y 90 Mix Descargar Juegos. Electronic City and Whitefield. Brigade Software Tech Park Bangalore' title='Brigade Software Tech Park Bangalore' />New clusters in Bellandur, Marathahalli and Mahadevapura along the Outer Ring Road, in CV Raman Nagar near Old Madras Road and smaller hubs near Hebbal and Inner Ring Road have emerged in the last few years. Electronic CityeditElectronic City, located in the southern outskirts of Bangalore, is an industrial park spread over 3. Electronic City was formed in 1. M, Hewlett Packard and Siemens are some of Electronic Citys clients. Infosys and Wipro, Indias second and third largest software companies, are headquartered in Electronics City. The Software Technology Parks of India, Bangalore STPI was started at Electronics City in 1. Ministry of Information Technology. STPI Bangalore counts among the premier and oldest Internet Service Providers ISP in India. It was the first center to be Internet enabled in India. Nortel Networks is a prominent client of STPI Bangalore. WhitefieldeditWhitefield cluster is home to the International Tech Park Bangalore. It was created as a result of a joint venture between India and Singapore in January 1. It is a large facility, comprising 9 buildingsDiscoverer, Innovator, Creator, Explorer, Inventor, Navigator, Voyager and Aviator plus a building belonging to TCS. The tenth building which is under construction will be called Victor. The Export Promotion Industrial Park ZoneEPIP in Whitefield provides campus facilities for SAP, Xerox, Sharp, Soais, i. GATE, Dell, TCS, Unisys, Delphi, Huawei, Oracle, Perot Systems. Captive centres of Tesco, Shell, Aviva, GM, Schneider Electric, GE, Sapient, Goodrich UTC aerospace and Daimler. Chrysler, Symphony Teleca Corp and Tangoe are also located in Whitefield. Flowserve, a 1. 00 subsidiary of Flowserve CorpNYSE FLS also has a Manufacturing Plant and R D center located in EPIP Area. Other IT ParkseditThe Bellandur Marathahalli Mahadevapura Outer Ring Road cluster houses Deloitte, Accenture, Intel, San. Disk, Aricent, Symbol, Cadence, Cisco, EMC Corporation, Nokia, National Instruments, Honeywell, ARM, Cummins, JP Morgan. Chase, Oracle, Logica CMG, Business Objects, Freescale Semiconductor, Capgemini, Sony and i. Technologies. It includes 8 IT parks such as RMZ Ecospace, RMZ Eco World, Prestige Tech Park, Intel Park, Cessana SEZ, Vrinadavan IT Park, Global Technology Park, Fortune Summit IT Park and 3 Salarpuria IT Parks. The Inner Ring Road cluster Embassy Golf.