Economy of Bengaluru
[4] Bengaluru, often referred to as the "Silicon Valley of India," has an economic base rooted in the Information Technology (IT), Biotechnology, Aerospace, Telecommunications, Electronics, and manufacturing sectors, contributing significantly to Karnataka's GDP.
These centers, established by multinational corporations, leverage Bengaluru's tech-savvy workforce, advanced infrastructure, and robust innovation ecosystem to manage critical operations, including R&D, IT support, finance, and customer services.
The presence of these centers has significantly contributed to the city’s reputation as a preferred destination for offshore innovation and strategic business support.
Bangalore's skilled talent pool, with over 2 million IT professionals, combined with its world-class infrastructure and startup ecosystem, creates a symbiotic relationship that fuels the growth of GCCs.
This growth is further complemented by Bengaluru's thriving industries in information technology, EV manufacturing, aerospace, and biotechnology, making it a comprehensive hub for global and domestic economic activities.
Industries like education, healthcare, real estate, and automotive thrive alongside traditional sectors such as silk and garment production.
[8] One of the important factors spurring Bengaluru's growth was heavy state government investment (and its environment) in Bangalore's public sector industries which is what makes it so developed and rich.
[12] Tata Hitachi Construction Machinery, Mahindra Electric, Bharat Earth Movers, Toyota Kirloskar Motor, Tesla India, and Ather Energy are headquartered in Bangalore within their operations.
[13] Robert Bosch GmbH, Mercedes-Benz, Volvo, General Motors, Royal Enfield, Honda Motorcycle and Scooter India, Scania AB, Larsen & Toubro have their plants and research & development (R&D) centers around Bengaluru.
[16] Airbus, Boeing, Tata Advanced Systems, Indian Space Research Organisation, and Liebherr Aerospace have their units in Bengaluru.
Bengaluru is known for its IT industry, housing companies like Infosys, Mphasis, Wipro, Tata Consultancy Services, Nasdaq, Facebook, Google, and Microsoft etc.
World Aerospace giants such as Boeing, Airbus, Dynamatics, Honeywell, GE Aviation, UTL, others have their Research & Development and Engineering centres.
The Hindustan Aeronautics Limited (HAL) headquarters is in Bangalore, and is dedicated to research and development activities for indigenous fighter aircraft for the Indian Air Force.
Today, HAL manufactures, under license, various fighter aircraft for the Indian Air Force (IAF) including Sukhoi 30 Flankers and Jaguars.
The National Aerospace Laboratories (NAL) is also headquartered in Bengaluru and is dedicated to the development of civil aviation technologies.
The city is known for several restaurateurs who innovated on fast service models commonly called Darshini restaurants that served hot breakfast and beverages.
Several Venture Capital funded startups like housing.com, nestaway, nobroker, commonfloor.com (acquired by the Unicorn, Quikr) are disrupting the rental marketplace in India.
Several listed real estate brands have their origins in the city like Prestige Group, Brigade Enterprises, Total Environment and Sobha Developers.
The National Aerospace Laboratories (NAL) is also headquartered in Bangalore and is dedicated to the development of civil aviation technologies.
Startups have made attempts to launch lunar rovers and are analysing satellite images to uses in agriculture and climate.
On-demand taxi service, Ola Cabs, a Unicorn, originated in the city and acquired its early competition and peer, taxiforsure.
Car rental companies operating in the city includes Avis, Carzonrent, Hype Luxury Mobility, Mylescars, Revvcar and Zoomcar.
Offline, formal retail format grocers originating from the city include FoodWorld supermarkets that started in 1996 and several other local brands.
Narayana Hrudayalaya, a listed business, is a popular hospital chain that was built by renowned Bangalore cardiac surgeon.
There are many sports facility aggregators where consumers can book indoor courts or swimming pool slots like Playo.
The facility, spanning 33,000 square feet, combines modern technology with the building's original architecture, which dates back to the British era and was restored over two years.
The center features interactive experiences, including VR-based attractions such as 4D motion chairs and simulations of activities like piloting aircraft or space exploration.
This was created to address the issues faced by the industry in terms of physical and digital infrastructure, and supply of graduates.
