Bengaluru is sometimes called the ‘Silicon Valley of India’ and boasts a thriving ecosystem of tech parks. With its nice local weather, an enormous pool of expert expertise, and fashionable infrastructure, town has develop into a magnet for innovation. It’s no shock that Bengaluru is house to over 30 IT parks – every enjoying a pivotal function in shaping India’s tech panorama.
Amongst these, Manyata Tech Park stands out as essentially the most sought-after vacation spot for international functionality centres (GCCs). However what makes it so particular?
Why Manyata Tech Park Stands Out
Manyata Tech Park stands out as one of many largest enterprise parks within the nation and is the primary privately owned Particular Financial Zone (SEZ) within the metropolis. The park’s campus spans 121 acres and has about 11 million sq. ft of Grade A workplace house as talked about by Yashasvi Rathore, supervisor of authorized providers at Inductus.
The campus homes over 50 multinational firms, together with IBM, Goal, Philips, Constancy, and Nokia, and helps a every day workforce of over 1.50 lakh workers. Its strategic location – simply 25 km from Kempegowda Worldwide Airport – makes it a perfect selection for international operations.
The rise of Manyata Tech Park displays the end result of a long time of evolution inside Bengaluru’s IT ecosystem. Over the past 20 years, town has matured into a world expertise powerhouse with over 400 R&D centres, over 12,000 startups, and a tech expertise pool exceeding 1.5 million professionals.
As GCCs are inclined to cluster round main tech hubs, Manyata provides the right atmosphere for innovation, collaboration, and development.
“GCCs right here aren’t simply supply centres; they lead in cutting-edge R&D, synthetic intelligence (AI), fintech innovation, and digital transformation,” stated Rathore. For example, Illumina’s centre focuses on genomics analysis, whereas Goal’s hub drives innovation in retail expertise. These are mere glimpses of the groundbreaking work being achieved in Manyata.
A Excellent Mixture of Expertise, Infrastructure, and Coverage
Manyata Tech Park provides world-class infrastructure, together with LEED-certified buildings, on-site residential residences, five-star motels, and wellness services.
On the coverage entrance, Karnataka has been instrumental in fostering GCC development. Initiatives just like the Karnataka Digital Financial system Mission (KDEM) and the IT Coverage 2020-2025 present help by means of grants, R&D funding, ability growth packages, and incentives for sustainable operations. These efforts make sure that international firms can scale effectively with out compromising on high quality.
Different Tech Parks in Competitors
In response to The NoBroker Occasions, Bagmane Tech Park spans 42 acres and hosts a number of well-known firms, together with Oracle, Texas Devices, Nike, and Dell.
Embassy TechVillage, an enormous 80-acre growth in Bengaluru’s IT hall alongside Sarjapur-Marathahalli Outer Ring Highway, is house to over 40 company tenants. Among the large names within the campus embody CSG, Cisco, Eli Lilly, and Flipkart. The campus isn’t nearly workplaces – it additionally options industrial areas, shops, and hospitality choices.
In the meantime, RMZ Ecospace, unfold throughout 25 acres, is house to workplaces of a number of famend firms, together with Broadcom, RMZ Corp, Microland, and Capgemini. This 12-year-old eco-friendly enterprise park is situated within the metropolis’s new central enterprise district alongside the Outer Ring Highway. Strategically positioned on the junction of Sarjapur and Marathahalli roads, Ecospace provides a first-rate location for companies within the metropolis’s rising tech hall.
In response to a Reddit person, within the final 10 years, Mahadevapura noticed growth and Sarjapur Highway, which was beforehand abandoned, is now flourishing. “Whereas I don’t see any enhance in IT firms in North Bengaluru, actual property costs have undoubtedly elevated. The truth is, Microsoft not too long ago moved its workplaces from Manyata in North Bengaluru to Lavelle Highway and Sarjapur Highway.”
The person added that with main builders like Status and Brigade actively selling Sarjapur as the subsequent large tech hub, it’s unlikely that new tech parks will emerge in North Bengaluru anytime quickly.
The area nonetheless lacks sturdy momentum for IT growth. Whereas the upcoming Aerospace Park and different initiatives may appeal to firms from completely different sectors, software program companies are unlikely to shift there at the very least within the subsequent 10-15 years. In the meantime, Sarjapur is anticipated to witness important development and growth within the tech house.
Bengaluru Airport Metropolis Restricted (BACL), a subsidiary of Bengaluru Worldwide Airport Restricted (BIAL), has began constructing a 2 million sq. ft enterprise park.
This undertaking, introduced by BIAL, is a part of Karnataka’s new International Functionality Centres (GCC) Coverage for 2024-2029.
The intention is to determine Bengaluru as a world hub for GCCs, creating 3.5 lakh jobs and contributing $50 billion to the state’s financial system, based on PTI.
The Evolution of Bengaluru’s IT Panorama
Bengaluru’s journey as a tech hub started within the Nineties with the liberalisation of the Indian financial system. Established in 1994, the Worldwide Tech Park Bangalore (ITPB) was town’s first IT park, which set the stage for the speedy development that adopted. Tech parks like Digital Metropolis, Bagmane Tech Park, and Manyata Tech Park quickly joined the fold and attracted international giants like Infosys, Wipro, and TCS.
Because the trade grew, newer tech parks emerged alongside the Outer Ring Highway and in North Bengaluru, providing higher connectivity and complicated infrastructure. At present, town hosts 38% of India’s over 1,800 GCCs, with Manyata Tech Park shining as a pacesetter.
The publish Why GCCs Love Manyata Tech Park? appeared first on Analytics India Journal.
