Bangalore's infrastructural advantages and abundant resources have led many multinational companies to follow suit and set up their headquarters in Bangalore.
Apart from giant companies like Amazon and Uber, there are several other companies based in Bangalore namely infotech companies Cognizant, Texas Instruments, Wipro, Microsoft, SAP LABS, Accenture and Infosys.
The relocation of Infosys headquarters from Pune to Bangalore has encouraged the establishment of many IT companies and created many employment opportunities. There is no doubt that entrepreneurs from all over mainland India are increasingly making Bangalore a destination for growing businesses.
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However, the transition from a manufacturing base to a technology hub takes a lot of time and effort.
The entrepreneurial spirit supported by various government initiatives is producing a conducive ecosystem for the progress of startup cities. This aims to increase the number of new companies coming to Bangalore.
The Indian government launched Startup India in 2016, a program aimed at helping startups in areas such as branding, funding, intellectual property protection and talent, while also providing them with tax benefits.
Considering that Bangalore has been named as one of the best technology hubs in the world, Bangalore has become a region compared to Silicon Valley in the United States after a number of startups and technology companies were born and grew there.
Quoted World EliteOne of the major reasons for the rise of technology is the digital transformation of the country. Apart from technology, Bangalore has a lot of ideas. The main advantage of being an entrepreneur is that the ecosystem is still developing.
This means that new ideas can be tested and there is plenty of room for innovation.
The original Silicon Valley, located south of San Francisco, California, United States, is home to 2,000 technology companies, the densest concentration in the world.
This area has created a hub for innovative companies. A number of technology companies that we know today, such as Apple, Facebook, Google and Netflix, were born in this region. Silicon Valley is also the birthplace of companies such as Tesla, Twitter, Yahoo and eBay.
(can/DAL)
[Gambas:Video CNN]
