In the last few years, Bangalore has transformed itself from being a
'Pensioner's Paradise' to the 'Silicon Valley' of India. From a mere 13
software units in 1991-92, the units have increased to 1154 as of April 2003.
Software exports in 1991-92 has increased from US $ 1.25 Million to more than
US $ 2.75 Billion in the year 2003.
While there are many reasons for this growth, it is mainly the pleasant
climate, the talent pool of highly trained professionals, the training
infrastructure and progressive government policies that have led to this
amazing IT explosion in the city. Bangalore poses many advantages for locating
IT companies, some of which are outlined below:
Readily available world class IT
infrastructure;
Ample of specialized human resources;
Pleasant and comfortable climatic
conditions;
Cosmopolitan environment in the city;
and
High concentration of IT companies
and quality research and development institutions.
The evolution of the IT industry in Bangalore
· 1984 - Texas Instruments enters India for offshore development.
· 1986 - DoE announces software policy.
· 1991 - Software Technology Parks of India (STPI) is set up.
· 1992 - Exclusive satellite international gateway for export industry is set
up.
· 1997 - Govt. of Karnataka announces IT Policy and Karnataka becomes the first
state in India to do so.
· 1998 - Number of IT companies (software) under STPI grows to 253, with total
projects worth US $840 Million.
· 1999 - Indian Institute of Information Technology, Bangalore (iiit-b) and the
KITVEN FUND are established.
· 2000 - Number of IT companies (software) under STPI grows to 782, with total
projects worth US $1.1 Billion.
· 2001 - Number of IT companies (software) under STPI grows to 928, with total
projects worth US $1.58 Billion.
· 2001 - Number of hardware companies under EHTP grows to 24, with hardware
exports worth US $0.076 Billion.
· 2002 - Number of IT companies under STPI grows to 1038, with total projects
worth US $2.06 Billion (as of May 2002).
· 2002 - Number of hardware companies grows to 27, with hardware exports worth
US $0.17 Billion (as of May 2002).
· 2003 - Number of IT companies under STPI grows to 1154, with total projects
worth US $2.67 Billion (as of April 2003).
· 2003 - About 41 BPO/ITES companies were approved with the investment of US $
0.11 Billion (as of April 2003).
· 2003 - Number of hardware companies under EHTP grows to 31, with hardware
exports worth US $30 Billion (as of April 2003).
