Bangalore technology park cluster competitiveness and challenges

• Main Authors: Chng, Cheng Nai, Leung, Wai Ling, Bui, Thi Nha Trang, Chang, Xiao Hua, Doan, Thuan Tuan
• Other Authors: Vijay Sethi
• Format: Theses and Dissertations
• Language: English
• Published: 2009
• Subjects: DRNTU::Business::Industries and labor
• Online Access: http://hdl.handle.net/10356/18865
• Institution: Nanyang Technological University

The remarkable growth of India in the last ten years is already making itself felt on the international scene. Its Gross Domestic Product (GDP) is predicted to make India the world’s number three economic power within fifteen years, second only to China as the country with the fastest growth rate. According to the January 2007 edition of the Goldman Sachs “BRICs Report” (BRIC8 meaning Brazil, Russia, India and China), India will surpass the GDP of the United States by 2050. That shift, already rapidly under way- fueled by India’s youth, on the road to becoming the world’s Largest population of young people, with a purchasing power that is soaring and with salaries much greater than those of their contemporaries in China - will make this vibrant group the largest potential customers worldwide for consumer goods and services. Undoubtedly, one of India’s strongest engines of growth is in its Information Technology industry. And the importance of Bangalore, where most IT activities are concentrated cannot be dismissed. The success of Bangalore as India’s IT hub had gained such global prominence that many had named it Silicon Valley of India. Yet, is Bangalore’s success a pure coincidence or was the congregation of global IT companies in that city a force known as the clustering effect?