Social Sciences, asked by rajeshgayathri1984, 5 months ago

inspite of the emergence of IT hubs in metropolitan centres , Bangalore has held a unique advantage and remained on top.Why?

Answers

Answered by ayaana27
2

Answer:

Once known for its lush farmlands, it's now home to some of the best international and domestic technology companies which are creating millions of jobs for young Indian engineers from all across the country.

Like 24-year-old Zubair Aslam from Uttar Pradesh in northern India. He moved to Bangalore for a job as a software engineer. He says he is living his dream.

The Indian IT industry employs millions of engineers

image captionZubair Aslam moved to Bangalore for his dream job

"I'm earning as much as my father - he has worked for 31 years as a government servant," he says.

"Whatever he is earning now - that was my starting salary. I started at that level. So it feels good."

It all began in the 70s when the state government had demarcated a large piece of land outside Bangalore for an electronic city.

But this was pre-liberalisation days; taxes were very high and everything was controlled through licensing.

Imports were restricted and there were significant limits on currency conversions.

A domestic technology start-up, Infosys was established in 1981 - the same year IBM introduced the personal computer.

One advantage it had was that Indian educational institutions were offering good courses in computer engineering and the country was creating computer professionals on a par with the rest of the world.

By 1983, both Infosys and another future tech giant, Wipro, moved to Bangalore and the country's fledgeling IT industry started to grow around the two firms.

Cheap workforce But the city's global foray only really began when Texas Instruments opened its facility in the city in 1984.

After the economic liberalisation in the 90s, India's software export industry has grown rapidly.

Companies here have a huge cost advantage - an English-speaking, highly-educated workforce that's available at less than a quarter of the wages paid in the US or Europe.

Bulk hiring became common practice and each of the companies employed millions of workers.

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