Industrial Advancement of Bangalore

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Bangalore that used to be the calm and quite city in the 70's and 80's has gone through a complete metamorphosis. Today it is one of the largest economic hubs of India. According to an estimate of net district income made during 2002-2003, Bangalore is a Rs. 260, 2600 crore economy. The city is the fastest growing metropolis in the country with the economic growth rate of 10.3%. The city has the credit of attracting foreign direct investment of a whooping US$ 300 million which is the fourth largest if we consider the Indian cities. This phenomenal growth in the economy of Bangalore has been possible for the immense industrial development in and around the city. The credit of transformation of Bangalore in an industrial hub primarily goes to Sir Mirza Ismail and Sir Mokshagundam Visvesvaraya who have played an instrumental role in making Bangalore an industrial and manufacturing hub of the country. It is their foresight and planning that made that materialized the industrial advancement of Bangalore.

There are so many factors that have played a major role in the rapid industrialization of Bangalore. The pleasant weather, geographic location, excellent infrastructure, simple and transparent administration and above all the willingness of the government , all these have contributed to the growth of the city. If we consider the industries in Bangalore there are so many sectors that have presence in the city. In the following paragraphs we will discuss different industries in Bangalore sector wise to understand Bangalore industrial advancement:

Information Technology - With the largest share (about 33%) in India's total IT exports of US$ 33 billion, Bangalore is rightly dubbed as the Silicon Valley of India. Bangalore is the home of large number of IT and ITES companies. The two software giants of India Infosys and Wipro are headquartered in Bangalore. So many global IT companies like Microsoft, Google, Yahoo and Oracle have development centres in the city. The vast IT infrastructure of Bangalore are spread over three clusters - Software Technology Parks of India, Bangalore (STPI), International Technology Park Bangalore (ITPB), and the Electronics City.

Manufacturing - Bangalore is also a prominent space in terms of the manufacturing sector in India. There are some of the top of line companies that have manufacturing facilities in and around Bangalore. Bangalore is the base of the Bharat Electronics Limited, Bharat Earth Movers Limited (BEML), Bharat Heavy Electricals Limited (BHEL), Hindustan Motors (HM), Indian Telephone Industries (ITI), and Hindustan Machine Tools (HMT). Apart from these heavy industries Bangalore is also the hub of automotive engineering. Japanese car major Toyota and Volvo have manufacturing units in Bangalore.

Aerospace and Aviation - With the presence of The Hindustan Aeronautics Limited (HAL) which is headquartered in Bangalore and has research and manufacturing units in Bangalore, the city is no doubt the epicenter of aerospace industry in the country. The National Aerospace Laboratories (NAL) is also headquartered in Bangalore that is the prime company engaged in civil aviation technologies.

Biotechnology - The city of Bangalore is seeing a rapid growth in the field of Biotechnology. Amongst 240 biotechnology companies in India 97 are based in Bangalore. This has been possible for the focused and comprehensive biotechnology policy proposed by the Karnataka Vision Group on Biotechnology.