<?xml version="1.0"?>
<feed xmlns="http://www.w3.org/2005/Atom" xml:lang="en">
	<id>https://indianpedia.org/index.php?action=history&amp;feed=atom&amp;title=Economy_of_Bengaluru</id>
	<title>Economy of Bengaluru - Revision history</title>
	<link rel="self" type="application/atom+xml" href="https://indianpedia.org/index.php?action=history&amp;feed=atom&amp;title=Economy_of_Bengaluru"/>
	<link rel="alternate" type="text/html" href="https://indianpedia.org/index.php?title=Economy_of_Bengaluru&amp;action=history"/>
	<updated>2026-07-31T10:43:55Z</updated>
	<subtitle>Revision history for this page on the wiki</subtitle>
	<generator>MediaWiki 1.45.4</generator>
	<entry>
		<id>https://indianpedia.org/index.php?title=Economy_of_Bengaluru&amp;diff=498129&amp;oldid=prev</id>
		<title>MohammadMullen at 05:47, 26 March 2026</title>
		<link rel="alternate" type="text/html" href="https://indianpedia.org/index.php?title=Economy_of_Bengaluru&amp;diff=498129&amp;oldid=prev"/>
		<updated>2026-03-26T05:47:16Z</updated>

		<summary type="html">&lt;p&gt;&lt;/p&gt;
&lt;p&gt;&lt;b&gt;New page&lt;/b&gt;&lt;/p&gt;&lt;div&gt;{{Multiple issues|&lt;br /&gt;
{{Advert|date=August 2019}}&lt;br /&gt;
{{More citations needed|date=August 2019}}&lt;br /&gt;
}}&lt;br /&gt;
{{Use dmy dates|date=May 2023}}&lt;br /&gt;
{{Short description|Big network of Karnataka}}&lt;br /&gt;
[[File:UB City Bangalore.JPG|thumb|[[United Breweries Group]] headquarters at [[UB City]], [[Bangalore]]. Which is a [[Central Business District]] and a major landmark of the city. Also the first luxury shopping mall in India.]]&lt;br /&gt;
&lt;br /&gt;
[[Bengaluru]], the capital city of the [[South India|South Indian]] state of [[Karnataka]], [[India]]. The &amp;#039;&amp;#039;&amp;#039;economy of Bengaluru&amp;#039;&amp;#039;&amp;#039; is a [[Economic development|highly developed]] economy that contributes over 43.65% to the economy of the State&amp;lt;ref name=&amp;quot;Karnataka.Com&amp;quot;&amp;gt;{{cite web|last1=ROTTI|first1=JOLAD|title=Bangalore the main revenue generator for Karnataka|url=https://www.karnataka.com/profile/bangalore-main-revenue-generator-karnataka/ |website=karnataka.com|publisher=The Times of India Sept 9 2013|access-date=21 May 2018|date=2013-09-10}}&amp;lt;/ref&amp;gt; of [[Karnataka]], accounting for 98% of the Software Exports of the State.&lt;br /&gt;
&lt;br /&gt;
The estimated [[Gross metropolitan product|Metro GDP]] ([[Purchasing power parity|PPP]]) of the city is around US$300 billion, with a [[Gross metropolitan product|Metro GDP]] ([[Purchasing Power Parity|PPP]]) Per Capita of roughly US$25,461 in 2021. It has been ranked as the [[List of cities by GDP|third most productive metro area]] in India.&amp;lt;ref&amp;gt;{{Cite web|title=Deep Dive City Bangalore, India|url=https://transformative-mobility.org/wp-content/uploads/2023/12/Bangalore-Deep-Dive.pdf|publisher=[[Transformative Urban Mobility Initiative]]|access-date=9 January 2024}}&amp;lt;/ref&amp;gt;&amp;lt;ref name=&amp;quot;BusinessInsider&amp;quot;&amp;gt;{{cite web|url=https://timesofindia.indiatimes.com/india/17-of-20-fastest-growing-cities-in-the-world-will-be-from-india/articleshow/66978406.cms|title=Fastest Growing Cities|work=[[The Times of India]]|access-date=30 August 2018}}&amp;lt;/ref&amp;gt; According to the estimates, [[Gross metropolitan product|Metro GDP]] ([[Purchasing power parity|PPP]]) of the city has grown to US$359.9 billion in 2023.&amp;lt;ref&amp;gt;{{cite web|title=Bengaluru, India - C40 Cities|url=https://www.c40.org/cities/bengaluru/|publisher=[[C40 Cities]]|access-date=9 January 2024}}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Bengaluru is often referred to as the &amp;quot;Silicon Valley of India,&amp;quot; has an economic base rooted in the [[information technology|Information Technology (IT)]], [[Biotechnology]], [[Aerospace]], [[Telecommunications]], [[Electronics]], and [[manufacturing]] sectors, contributing significantly to [[Karnataka]]&amp;#039;s GDP. The city is also emerging as [[India]]&amp;#039;s major hub for [[Electric vehicle|Electric vehicle (EV)]] [[innovation]] and [[manufacturing]], housing several startups and global giants focusing on EV design, battery technology, and infrastructure. Other significant industries include [[education]], [[Health care|healthcare]], [[real estate]], and [[Automotive industry|automotive]]. Additionally, Bengaluru is a global hotspot for Global Capability Centers (GCCs), housing over 40% of [[India]]&amp;#039;s GCCs. These centers, established by multinational corporations, leverage Bengaluru&amp;#039;s tech-savvy workforce, advanced infrastructure, and robust innovation ecosystem to manage critical operations, including R&amp;amp;D, IT support, finance, and customer services. The city is home to GCCs for companies across diverse industries such as [[technology]], [[banking]], [[retail]], and [[Health care|healthcare]]. Prominent firms like [[Microsoft]], [[Google]], [[Goldman Sachs]], and [[Shell plc|Shell]] operate large-scale GCCs in Bengaluru, driving global innovation and operational efficiency. The presence of these centers has significantly contributed to the city’s reputation as a preferred destination for offshore innovation and strategic business support.&lt;br /&gt;
[[Bangalore]]&amp;#039;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. The city&amp;#039;s GCC sector not only supports global operations but also fosters the development of cutting-edge technologies in [[Artificial intelligence|AI]], [[machine learning]], and [[Data analysis|data analytics]], reinforcing its position as a critical player in global business strategies. This growth is further complemented by Bengaluru&amp;#039;s thriving industries in information technology, EV manufacturing, aerospace, and biotechnology, making it a comprehensive hub for global and domestic economic activities. With nearly 40% of [[India]]&amp;#039;s [[Startup company|startup]] ecosystem based here, [[Bangalore]] remains a vibrant innovation center. Industries like [[education]], [[Health care|healthcare]], [[real estate]], and [[Automotive industry|automotive]] thrive alongside traditional sectors such as [[silk]] and [[Clothing industry|garment production]]. Strategic infrastructure like [[Kempegowda International Airport]], Electronics City, and Whitefield further bolsters the city&amp;#039;s economic prominence.&amp;lt;ref&amp;gt;{{cite web|url=https://www.india-briefing.com/news/bengaluru-karnataka-india-investment-brief-industries-infrastructure-6371.html/|title=Bengaluru, India: Foreign Investment Brief|date=21 September 2023|access-date=22 November 2024}}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
The establishment and success of [[high technology]] firms in Bangalore have led to the growth of [[information technology|Information Technology (IT)]] in [[India]]. As of 2020, IT firms in Bengaluru employed about 3.5 million employees in the IT and IT-enabled services (ITES)/[[Business process management|BPM]] sectors, out of nearly 4.4 million employees across India,&amp;lt;ref&amp;gt;{{cite web|url=https://timesofindia.indiatimes.com/city/bengaluru/it-employee-strength-to-rise-to-4-8mn-this-year/articleshow/88154021.cms|title=IT employee strength to rise to 4.8mn this year|website=[[The Times of India]] |date=8 December 2021 }}&amp;lt;/ref&amp;gt;&amp;lt;ref&amp;gt;{{cite web|url=https://economictimes.indiatimes.com/tech/ites/it-employees-get-nod-to-set-up-trade-union-in-karnataka/articleshow/61568071.cms|title=IT employees get nod to set up trade union in Karnataka |work=The Economic Times |date=9 November 2017 }}&amp;lt;/ref&amp;gt; and accounted for the highest IT-related exports in the country.{{citation needed|date=April 2010}}  In 2014, Bangalore contributed US$45 billion, or 38% of India&amp;#039;s total IT exports.&amp;lt;ref&amp;gt;{{cite web|url=https://www.thehindubusinessline.com/info-tech/%E2%80%98Bangalore-will-become-the-world%E2%80%99s-largest-IT-cluster-by-2020%E2%80%99/article20909098.ece|title=&amp;#039;Bangalore will become the world&amp;#039;s largest IT cluster by 2020&amp;#039; |date=12 November 2014 }}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
As of 2025, there are 875 [[Global capability center]]s in Bengaluru, compared to around 360 GCCs in Hyderabad,&amp;lt;ref&amp;gt;{{cite web|url=https://timesofindia.indiatimes.com/city/hyderabad/a-tale-of-two-cities-bengaluru-hyderabad-who-wins-the-battle-of-boomtowns/articleshow/129814555.cms|title=Bengaluru Vs Hyderabad: A tale of two cities: Bengaluru or Hyderabad who wins the battle of boomtowns?}}&amp;lt;/ref&amp;gt; although recent trend shows that Hyderabad is attracting more GCCs set up in India.&amp;lt;ref&amp;gt;{{cite web|url=https://bangaloremirror.indiatimes.com/bangalore/others/silicon-city-vs-cyberabad/articleshow/129594207.cms|title=Silicon city vs Cyberabad}}&amp;lt;/ref&amp;gt; One of the important factors spurring Bengaluru&amp;#039;s growth was heavy state government investment (and its environment) in Bangalore&amp;#039;s public sector industries which is what makes it so developed and rich.&lt;br /&gt;
&lt;br /&gt;
According to the Bangalore Innovation Report, with projected [[Gross metropolitan product|GDP]] growth of 8.5%, [[Bangalore]] will be the world&amp;#039;s fastest growing city until 2035.&amp;lt;ref&amp;gt;{{cite news|title=Bengaluru to be world&amp;#039;s fastest growing city|url=https://www.deccanherald.com/india/karnataka/bengaluru/bengaluru-to-be-world-s-fastest-growing-city-report-797359.html|work=[[Deccan Herald]]|date=23 January 2020|access-date=9 January 2023}}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
== Education==&lt;br /&gt;
&lt;br /&gt;
Bengaluru houses several of top-tier colleges including the [[Indian Institute of Management Bangalore|Indian Institute of Management, Bangalore (IIMB)]], a top management Institute in India, the [[Indian Statistical Institute]] (ISI), the [[Indian Institute of Science]] (IISc), the [[Indian Institute of Astrophysics]], the [[National Law School of India University|National Law School]] (NLSIU), National Institute of Mental Health and NeuroSciences (NIMHANS), The Indian Institute of Theoretical Sciences, [[National Institute of Design]] (NID), the [[Indian Institute of Information Technology]] and [[National Institute of Fashion Technology]] (NIFT).&lt;br /&gt;
&lt;br /&gt;
[[File:Iisc-Administration Office.jpg|thumb|Indian Institute of Science]]&lt;br /&gt;
&lt;br /&gt;
== Economic sectors ==&lt;br /&gt;
&lt;br /&gt;
The earliest startups that were launched in the city in the 1990s include [[Infosys]], [[Wipro|Wipro Technologies]], and [[Mindtree]] being popular ones and smaller ones include Tejas Networks. [[Flipkart]], having originated in Bengaluru, acquired several other e-commerce companies like [[Myntra]], and was eventually acquired by [[Walmart]] in 2018 for close to $20 Billion. Startup companies such as [[Swiggy]], [[Ola Cabs]], [[InMobi]], [[Quikr]], and [[RedBus]] are also based in the city.&lt;br /&gt;
&lt;br /&gt;
Bengaluru is a favorable destination for industrial development.&amp;lt;ref&amp;gt;{{Cite web |last=Pendharkar |first=Aditi Dey &amp;amp; Anish |title=Map: How Bangalore&amp;#039;s IT sector flowered from a princely state Diwan&amp;#039;s industrial dream in 1911 |url=https://scroll.in/article/938388/map-how-bangalores-it-sector-flowered-from-a-princely-state-diwans-industrial-dream-in-1911 |access-date=2022-05-27 |website=Scroll.in |date=12 October 2019 |language=en-US}}&amp;lt;/ref&amp;gt; [[United Breweries Group]] is headquartered in Bengaluru.&amp;lt;ref&amp;gt;{{Cite news|last1=John|first1=Sujit|date=22 June 2006|title=UB City is finally here|work=[[The Times of India]]|url=https://timesofindia.indiatimes.com/city/bangalore/UB-City-is-finally-here/articleshow/1672524.cms|url-status=live|access-date=6 April 2009|archive-url=https://web.archive.org/web/20121106132243/http://articles.timesofindia.indiatimes.com/2006-06-22/bangalore/27789370_1_retail-space-ub-city-debenhams|archive-date=6 November 2012}}&amp;lt;/ref&amp;gt; The city is an automobile production hub.&amp;lt;ref&amp;gt;{{Cite web |title=Indian Automobile Market in Bangalore- companies and more |url=https://business.mapsofindia.com/automobile/market/bangalore.html |access-date=2021-08-16 |publisher=business.mapsofindia.com}}&amp;lt;/ref&amp;gt; [[Tata Hitachi Construction Machinery]], [[Mahindra Electric]], [[Bharat Earth Movers]], [[Toyota Kirloskar Motor]], [[Tesla India]], and [[Ather Energy]] are headquartered in Bangalore within their operations.&amp;lt;ref&amp;gt;{{Cite web |last=Rai |first=Saritha |date=2021-02-15 |title=Tesla comes to India, picks EV hub Bengaluru for its first plant |url=https://theprint.in/economy/tesla-comes-to-india-picks-ev-hub-bengaluru-for-its-first-plant/605290/ |access-date=2021-08-16 |publisher=ThePrint |language=en-US}}&amp;lt;/ref&amp;gt; [[Robert Bosch GmbH]], [[Mercedes-Benz]], [[Volvo]], [[General Motors]], [[Royal Enfield (India)|Royal Enfield]], [[Honda Motorcycle and Scooter India]], [[Scania AB]], [[Larsen &amp;amp; Toubro]] have their plants and research &amp;amp; development (R&amp;amp;D) centers around Bengaluru.&amp;lt;ref&amp;gt;{{Cite web |last=Kulkarni |first=Mahesh |title=Karnataka to be the second biggest auto hub in the South |url=https://www.rediff.com/business/report/karnataka-to-be-the-second-biggest-auto-hub-in-south/20130529.htm |access-date=2021-08-16 |work=Rediff.com |language=en}}&amp;lt;/ref&amp;gt; [[ABB]], [[General Electric]], and [[Tyco International]] have their research and development centers in Bengaluru.&amp;lt;ref&amp;gt;{{Cite web|title=5 Times Bengaluru proved it&amp;#039;s India&amp;#039;s R&amp;amp;D hub |url=https://www.makeinindia.com/5-times-bengaluru-proved-its-indias-rd-hub|access-date=2021-08-16 |publisher=makeinindia.com}}&amp;lt;/ref&amp;gt; Aerospace industries are also popular around Bengaluru, which made it as Aviation Monopoly capital of India.&amp;lt;ref&amp;gt;{{Cite web |publisher=PricewaterhouseCoopers |title=Karnataka – Aerospace Hub of India |url=https://www.pwc.in/publications/karnataka-aerospace-hub-of-india.html |access-date=2021-08-16 |language=en-in}}&amp;lt;/ref&amp;gt; [[Airbus]], [[Boeing]], [[Tata Advanced Systems]], [[Indian Space Research Organisation]], and [[Liebherr Aerospace]] have their units in Bengaluru. Bengaluru has also emerged as an electronics and hardware manufacturing hub in India.&amp;lt;ref&amp;gt;{{Cite web |date=2022-01-07 |title=Hosur being positioned as a hub for electronics manufacturing |url=https://www.deccanherald.com/national/south/hosur-being-positioned-as-a-hub-for-electronics-manufacturing-1069046.html |access-date=2022-05-27 |publisher=Deccan Herald |language=en}}&amp;lt;/ref&amp;gt; It houses [[Dell]], [[Nokia]], [[Philips]], and [[Wistron]] manufacturing and R&amp;amp;D units. [[Public sector undertakings in India|Public sector undertakings]] (PSUs) such as [[Bharat Electronics Limited]] (BEL), [[Hindustan Aeronautics Limited]] (HAL), [[National Aerospace Laboratories]] (NAL), [[Bharat Earth Movers Limited]] (BEML), Central Manufacturing Technology Institute (CMTI), [[HMT (India)|HMT]] (formerly Hindustan Machine Tools) and [[Rail Wheel Factory]] (RWF). [[SKF]] also has a plant in the city.&lt;br /&gt;
&lt;br /&gt;
=== Information Technology ===&lt;br /&gt;
[[Image:BangaloreInfosys.jpg|thumb|[[Infosys]] headquarters at [[Electronic City]]]]&lt;br /&gt;
Bengaluru is known for its [[Information technology|IT]] industry, housing companies like [[Infosys]], [[Mphasis]], [[Wipro]], [[Tata Consultancy Services]], [[Nasdaq]], [[Facebook]], [[Google]], and [[Microsoft]] etc. India&amp;#039;s two largest IT companies – [[Infosys]] and [[Wipro]] to name a few have their headquarters here in Bengaluru. [[Electronic City]] is a place in Bengaluru, which houses IT companies in Bengaluru along with [[Infosys]] headquarters. [[Whitefield, Bangalore|Whitefield]] is another major suburb housing many IT companies. It is called as &amp;quot;[[Bangalore|The Silicon Valley of India&amp;#039;]] and &amp;quot;[[Bangalore|IT Capital of India]]&amp;quot;.&lt;br /&gt;
&lt;br /&gt;
=== Aerospace and aviation ===&lt;br /&gt;
[[Image:SU-30MKI India.jpg|thumb|right|The [[Sukhoi Su-30|Sukhoi-30MKI]] is a dual-role fighter that is manufactured under license of [[Sukhoi]] by Bangalore-based [[Hindustan Aeronautics Limited]] for the [[Indian Air Force]].]]&lt;br /&gt;
&lt;br /&gt;
Bengaluru is also called the aviation monopoly capital of India. It accounts for more than 65% of India&amp;#039;s aerospace business. World Aerospace giants such as [[Boeing]], [[Airbus]], Dynamatics, Honeywell, GE Aviation, UTL, others have their Research &amp;amp; Development and Engineering centres.&lt;br /&gt;
&lt;br /&gt;
Before Bengaluru was called the [[Silicon Valley]] of India, the city made its name as headquarters to some of the largest public sector companies of India such as [[Indian Telephone Industries|ITI]], [[NGEF]], [[BEML]], [[Bharat Electronics|BEL]], [[Bharat Heavy Electricals Limited|BHEL]], [[Rail Wheel Factory|RWF]] etc. 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. With over 9,500 employees, it is one of the largest [[public sector]] employers in Bengaluru. More than 36,000 employees work with these PSU’s which provide major employment in the city.&amp;lt;ref&amp;gt;{{cite web | title=Defence PSUs shut manufacturing units | url=https://bangaloremirror.indiatimes.com/bangalore/others/defence-psus-shut-manufacturing-units/articleshow/74801189.cms }}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
Today, HAL manufactures, under license, various fighter aircraft for the Indian Air Force (IAF) including [[Sukhoi Su-30MKI|Sukhoi 30 Flankers]] and [[SEPECAT Jaguar|Jaguars]]. HAL also develops indigenous products for the IAF such as [[HAL Tejas]], [[Aeronautical Development Agency]], [[HAL Dhruv]] and [[HAL HF-24 Marut]]. [[Aeronautical Development Agency]] is also headquartered in Bengaluru.&lt;br /&gt;
&lt;br /&gt;
The [[National Aerospace Laboratories|National Aerospace Laboratories (NAL)]] is also headquartered in Bengaluru and is dedicated to the development of civil aviation technologies. Incorporated in 1960, NAL often works in conjunction with the HAL and has a staff strength of over 1,300 employees. NAL also investigates aircraft [[malfeasance]].&lt;br /&gt;
&lt;br /&gt;
A {{convert|1000|acre|km2|adj=on}} special economic zone for the aerospace industry is being set up near the [[Kempegowda International Airport]]. Bangalore was also home to large domestic airlines – now defunct [[Kingfisher Red|Simplifly Deccan]] and [[Kingfisher Airlines]].&lt;br /&gt;
&lt;br /&gt;
=== Biotechnology ===&lt;br /&gt;
[[Image:Bangalore Biocon.jpg|thumb|right|[[Biocon]], headquartered in Bangalore, is one of India&amp;#039;s largest [[biotechnology]] companies.]]&lt;br /&gt;
[[Biotechnology]] is a rapidly expanding field in the city. Bengaluru accounts for at least 97 of the approximately 240 biotechnology companies in India. Interest in Bengaluru as a base for biotechnology companies stems from [[Karnataka|Karnataka&amp;#039;s]] comprehensive biotechnology policy, described by the Karnataka Vision Group on Biotechnology.&amp;lt;ref&amp;gt;{{cite web|url=http://www.bangaloreit.com/html/helpdesk/docs/visiongroup.doc |title=Bangaloreit.com |publisher=Bangaloreit.com |access-date=2013-08-15}}&amp;lt;/ref&amp;gt; In 2003–2004, Karnataka attracted the maximum [[venture capital]] funding for biotechnology in the country – $8 million. Biocon, headquartered in Bengaluru, is the nation&amp;#039;s leading biotechnology company and ranks 16th in the world in revenues.&lt;br /&gt;
&lt;br /&gt;
[[Institute of Bioinformatics and Applied Biotechnology (IBAB)]], initiated by Biotechnology vision group, ICICI and Biocon (located at ITPL) is trying to shape revolutionary scientists in the field. &lt;br /&gt;
&lt;br /&gt;
Like the software industry which initially drew most of its workforce from the local public sector engineering industries, the biotechnology industry had access to talent from the National Center of Biological Sciences (NCBS) and the Indian Institute of Science (IISc).&lt;br /&gt;
&lt;br /&gt;
=== Manufacturing ===&lt;br /&gt;
Other heavy industries in Bengaluru include [[Bharat Electronics Limited]], [[Bharat Heavy Electricals Limited|Bharat Heavy Electricals Limited (BHEL)]], [[Indian Telephone Industries]] (ITI), [[BEML|Bharat Earth Movers Limited (BEML)]], [[HMT (India)|HMT]] (formerly Hindustan Machine Tools), [[Hindustan Motors|Hindustan Motors (HM)]] and [[ABB Group]].&lt;br /&gt;
&lt;br /&gt;
Bengaluru is also becoming a destination for the [[automotive industry]]. [[Volvo]] and many other auto suppliers have manufacturing plants in Bangalore.&lt;br /&gt;
&lt;br /&gt;
Bengaluru houses many small and medium scale industries in its [[Peenya]] industrial area that claimed to be one of the biggest in Asia 30-years ago; newly including [[Apple Inc.|Apple]]&amp;#039;s India manufacturing plant – the only active plant in the world outside of China.&amp;lt;ref&amp;gt;{{cite web|url=https://www.thehindubusinessline.com/news/national/karnataka-welcomes-iphone-se-manufacturing-in-bengaluru/article9707141.ece|title=Karnataka welcomes iPhone SE manufacturing in Bengaluru |date=18 May 2017 }}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
=== Other sectors ===&lt;br /&gt;
The city has several types of entrepreneurial pursuits that have shaped it along the way from the early &amp;#039;90s. The city is known for several restaurateurs who innovated on fast service models commonly called Darshini restaurants that served hot breakfast and beverages. Orkla Foods, the Norwegian foods company bought MTR Foods, traditional ready-to-eat consumer goods brand in 2007 for approximately $60m.&amp;lt;ref&amp;gt;{{Cite web|url=https://www.livemint.com/Money/qWKaMJZ9CyJSM7gt5x6M5H/Orkla-confirms-MTR-buy.html|title=Orkla confirms MTR buy – Livemint|website=livemint.com|date=14 February 2007 |access-date=2018-11-21}}&amp;lt;/ref&amp;gt; A recent $100m brand is ID foods, fast becoming popular in retail. [[Swiggy]] an on-demand food delivery Unicorn is popular along with [[Zomato]], a restaurant review, listing and food delivery business, that initially started in Bangalore. FreshMenu is a near-unicorn cloud kitchen business that only delivers via mobile apps and other on-demand food apps. [[Café Coffee Day|Cafe Coffee Day]], a listed entity is a coffee store chain with stores in [[Prague]], [[Bratislava]], [[Riga]] and [[Warsaw]]. [[Chai Point]] is a chain of tea stores founded in Bangalore in 2010.&lt;br /&gt;
&lt;br /&gt;
Several Venture Capital funded startups like [[housing.com]], nestaway, nobroker, [[Commonfloor|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 Group|Brigade Enterprises]], Total Environment and [[Sobha Developers Ltd|Sobha Developers]].&lt;br /&gt;
&lt;br /&gt;
India&amp;#039;s largest indigenous OEM, [[Hindustan Aeronautics Limited|Hindustan Aeronautics Limited (HAL)]] had its headquarters in India. Several smaller tier 1 and tier 2 suppliers had their base in the city to serve the OEM need. The [[National Aerospace Laboratories|National Aerospace Laboratories (NAL)]] is also headquartered in Bangalore and is dedicated to the development of civil aviation technologies. Bangalore also housed now-defunct full-service airline brand [[Kingfisher Airlines]], which acquired another airline startup, [[Air Deccan]], a budget airline.&lt;br /&gt;
&lt;br /&gt;
[[File:ISRO_Headquarters_Bengaluru.jpg|thumb|ISRO Headquarters at Bengaluru]]&lt;br /&gt;
The [[Indian Space Research Organisation|Indian Space Research Organization (ISRO)]], one of the top national space agencies in the world is headquartered in the city. ISRO is recognized world over for its indigenous capabilities in launching low cost satellites using its own launch vehicles, the [[Polar Satellite Launch Vehicle|PSLV]] and the [[Geosynchronous Satellite Launch Vehicle|GSLVs]]. ISRO has a record of deploying 104 satellites in orbits successfully in a single launch, which is a world record.&amp;lt;ref&amp;gt;{{Citation|work=The Wall Street Journal|title=India&amp;#039;s Record-Breaking Launch: 104 Satellites on One Rocket|date=2017-02-15|url=https://www.youtube.com/watch?v=BJgIkaYQpcc |archive-url=https://ghostarchive.org/varchive/youtube/20211219/BJgIkaYQpcc |archive-date=2021-12-19 |url-status=live|via=YouTube}}{{cbignore}}&amp;lt;/ref&amp;gt; ISRO has also launched a Mars mission, which was the lowest cost inter-planetary orbital mission. Startups have made attempts to launch lunar rovers and are analysing satellite images to uses in agriculture and climate.&lt;br /&gt;
&lt;br /&gt;
Bangalore is the home of India&amp;#039;s first electric car brand, [[REVAi|Reva]] was acquired by a large domestic car company, [[Mahindra &amp;amp; Mahindra]]. Several startups in automotive services, marketplaces are situated in the city. On-demand taxi service, [[Ola Cabs]], a Unicorn, originated in the city and acquired its early competition and peer, [[TaxiForSure|taxiforsure]]. Bounce is an on-demand motorbike startup that originated in the city. Car rental companies operating in the city includes [[Avis Car Rental|Avis]], [[Carzonrent]], [[Hype Luxury Mobility]], [[MylesCar|Mylescars]], [[Revv Cars|Revvcar]] and [[Zoomcar]].  Zoomcar is on demand inter city car transportation startup running out of the city. [[RedBus.in|RedBus]] is an intercity bus aggregator that was bought by Naspers group.&lt;br /&gt;
&lt;br /&gt;
BigBasket.com, Zopnow.com and Zopper.com, started in on-demand grocery and compete with Amazon&amp;#039;s Prime Now platform. Offline, formal retail format grocers originating from the city include [[Foodworld|FoodWorld]] supermarkets that started in 1996 and several other local brands.&lt;br /&gt;
&lt;br /&gt;
[[Urban Ladder]] is a leading omnichannel commerce furniture retailer founded by entrepreneurs from the city. [[Lifestyle brand|Lifestyle]], now part of Dubai-based [[Landmark Group|Landmark group]] originated as a brand in Bangalore in 1999. [[Tanishq]] is a jewelry retail store brand and is owned by the Tata Group. Printo is a chain of stationery and printing services stores.&lt;br /&gt;
&lt;br /&gt;
[[File:World Trade Center Banglore.jpg|alt=|thumb|[[World Trade Center Bangalore|World Trade Center, Bangalore]] at [[Malleswaram]] is part of an integrated enclave housing companies, mall, hospital, school and apartments]]&lt;br /&gt;
Several [[fintech]]s have their origins in the city. The revolutionary low-cost brokerage firm [[Zerodha]], several cryptocurrency exchanges. [[Pine Labs]] is a recent unicorn that builds POS systems. [[Capillary Technologies]] is a loyalty, analytics provider built over POS systems. QwikCilver, a gifting and loyalty platform founded in Bangalore was acquired by Amazon.&amp;lt;ref&amp;gt;{{Cite news|url=https://economictimes.indiatimes.com/industry/services/retail/amazon-to-buy-first-indian-start-up-qwikcilver-solutions-a-gift-card-tech-firm/articleshow/44954103.cms|title=Amazon to buy first Indian start-up QwikCilver Solutions, a gift card tech firm|last=Nair|first=Radhika P.|date=2014-10-28|work=The Economic Times|access-date=2018-11-21}}&amp;lt;/ref&amp;gt;&lt;br /&gt;
&lt;br /&gt;
The city is known for its craft breweries, popular ones being Toit, Arbor Brewing Company and others. [[Kingfisher (beer)|Kingfisher]] is one of the world&amp;#039;s largest beer brands that originated in Bangalore. [[Amrut (whisky)|Amrut]] is India&amp;#039;s first Single Malt Whisky brand. [[United Breweries Group]] has its headquarters in [[Bangalore]]. It produces [[Kingfisher (beer)]].  &lt;br /&gt;
&lt;br /&gt;
[[Biocon]] is one of India&amp;#039;s largest pharmaceutical companies founded in Bengaluru.&lt;br /&gt;
&lt;br /&gt;
The [[Himalaya Wellness Company]] makes several pharma and beauty care products and is headquartered in Bangalore. &lt;br /&gt;
&lt;br /&gt;
[[Wildcraft]], a fast-growing outdoor adventure goods company was founded in the city. Zivame is an online commerce lingerie company fast growing into the number 1 brand in India.&lt;br /&gt;
&lt;br /&gt;
[[DTDC]] is an asset light logistics company built by first generation entrepreneurs in the city.&lt;br /&gt;
&lt;br /&gt;
Many wine yards are springing up around the city due to interest among a globally aware community of people residing in the city. Bangalore is also India&amp;#039;s largest export of roses, about 70% of all rose exports come from the city.&lt;br /&gt;
&lt;br /&gt;
[[Samsung Electronics]] In 2018, Samsung Electronics opened a mobile experience center in Bengaluru&amp;#039;s historic Opera House. The facility, spanning 33,000 square feet, combines modern technology with the building&amp;#039;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. The space is designed to showcase Samsung&amp;#039;s technological innovations and provide visitors with immersive experiences.&lt;br /&gt;
&lt;br /&gt;
== Economic zones in the city ==&lt;br /&gt;
&lt;br /&gt;
There are several economic clusters, as in many cities in the world, in the city.&lt;br /&gt;
&lt;br /&gt;
* [[Chickpet]]e area is known for textile trades and early entrepreneurs in the city&lt;br /&gt;
*[[Shivajinagar, Bangalore|Shivajinagar]] area houses auto spares and services clusters&lt;br /&gt;
* [[Whitefield, Bangalore|Whitefield]] was a neighboring town to Bangalore, but over time has been assimilated into the city. Whitefield houses several Information Technology Parks and many global firms have their India headquarters located in the area. &lt;br /&gt;
* [[Koramangala]] and [[Jayaprakash Nagar, Bangalore|JP Nagar]] have traditionally been the area where tech startups take birth&lt;br /&gt;
*[[Electronic City|Electronics City]] houses all the major IT service providers of India&lt;br /&gt;
&lt;br /&gt;
== Government incentives and programs ==&lt;br /&gt;
&lt;br /&gt;
Tax holiday for IT services: The Government of [[Karnataka]] was the first state government to introduce a [[tax holiday]] for IT service companies to set up shop in the city to earn a decade-long corporate tax holiday to incentivize the industry.&lt;br /&gt;
&lt;br /&gt;
IT SEZ program: Server IT Special economic Zones are now set up where they receive a corporate tax holiday if offices are situated in those zones.&lt;br /&gt;
&lt;br /&gt;
Ministry of IT: One of the early states in India to have a Ministerial position for [[Information Technology]]. This was created to address the issues faced by the industry in terms of physical and digital infrastructure, and supply of graduates.&lt;br /&gt;
&lt;br /&gt;
Adoption of Technology in Government programs: Multiple government initiatives have included digitization of citizen programs and [[Karnataka]] has been at the forefront of adoption of technology. The Regional Transport Office in the city are fully computerized and they the earliest to do so. Bangalore also achieved full computerization of the Indian Passport Distribution process, first in the country.&lt;br /&gt;
&lt;br /&gt;
The digital office of the Income Tax Department of India is based in Bangalore. The need for the build of systems to collect and refund taxes for millions of citizens and need for data analytics and AI to prevent fraud meant that Bangalore city was an obvious choice for the same.&lt;br /&gt;
&lt;br /&gt;
==See also==&lt;br /&gt;
*[[Economy of Karnataka]]&lt;br /&gt;
&lt;br /&gt;
==References==&lt;br /&gt;
{{reflist}}&lt;br /&gt;
&lt;br /&gt;
== External links ==&lt;br /&gt;
{{commons category}}&lt;br /&gt;
&lt;br /&gt;
* [https://web.archive.org/web/20080406074540/http://www.asienkunde.de/articles/A103_Dittrich.pdf Bangalore: India&amp;#039;s Hightech-Capital]&lt;br /&gt;
* [https://web.archive.org/web/20071025132717/http://www.iimahd.ernet.in/publications/data/2006-05-02rbasant.pdf Bangalore cluster: Evolution, growth and challenges – An examination of the IT industry in Bangalore]&lt;br /&gt;
* [https://web.archive.org/web/20091123000315/http://www.ccsindia.org/ccsindia/interns2006/Garment%20workers%20in%20Bangalore%20-%20Naiyya.pdf The Garment Industry in Bangalore]&lt;br /&gt;
{{Bangalore topics}}&lt;br /&gt;
&lt;br /&gt;
[[Category:Economy of Bengaluru| ]]&lt;/div&gt;</summary>
		<author><name>MohammadMullen</name></author>
	</entry>
</feed>