Bengaluru dethrones Tokyo as fifth most preferred Innovation hub

In a report by technology consulting and service firm Capgemini, Bengaluru has replaced Tokyo to become the fifth most preferred destination for all global multinational companies.

As per the Capgemini report, Bengaluru has made it in the list of top five most preferred destinations for innovation centers in the world. The other places ahead of Bengaluru are Silicon Valley, London, Paris, and Singapore. The report states, “India has seen a significant growth in the number of innovation centers, and especially in Bengaluru dubbed as the ”Silicon Valley of India’.”

The report further stated that in 2015, around $9 billion was invested in startups in India. Among the innovation centers opened in the silicon valley is Airbus BizLab, which is set up to bring startups and Visa whose technology center in Bengaluru will house 1,000 developers who will help in accelerating development of next generation payment solutions.

Ove the past few years, a number of multi-billion dollar startups have been set up in Bengaluru like Flipkart, InMobi and Mu Sigma who have not only invested an enormous amount of money in the economy but have also set up their headquarters in India’s ‘Silicon Valley’.

Recently, Tim Cook, Apple’s CEO visited India and talked about the growth potential of the Bangalore market. Even though Apple CEO stated no investment figure, but it apparently looked like he has recognized the contribution that the Indian ‘Silicon Valley’ will make in the growth of Apple.

The report further noted that even though the Silicon Valley remains the most innovative empire, a number of other empires have also emerged that will play a huge role in the future. Other potential cities like Mumbai and New Delhi are also on the priority list of global corporations who see India as a lucrative market.

The other important point highlighted in the report was the rapid expansion of Asia as the possible destination for innovation centers. In recent time, Asia has seen 29 percent rise in the number of innovation centers.

About the author

Mary Woods

Mary is a passionate tech enthusiast with over 4 years of experience in writing about global technological advancements. Currently based in Miami, she has a deep interest in all things tech and is particularly drawn to the wonders of the modern internet. Writing about the latest technological trends online is not just her expertise but also her hobby. Mary’s dedication to exploring and sharing the latest in technology makes her a key contributor to PC-Tablet.com, where she brings her insights and enthusiasm to every article she writes.

Add Comment

Click here to post a comment

Web Stories

5 Best Projectors in 2024: Top Long Throw and Laser Projectors for Every Budget 5 Best Laptop of 2024 5 Best Gaming Phones in Sept 2024: Motorola Edge Plus, iPhone 15 Pro Max & More! 6 Best Football Games of all time: from Pro Evolution Soccer to Football Manager 5 Best Lightweight Laptops for High School and College Students 5 Best Bluetooth Speaker in 2024 6 Best Android Phones Under $100 in 2024 6 Best Wireless Earbuds for 2024: Find Your Perfect Pair for Crystal-Clear Audio Best Macbook Air Deals on 13 & 15-inch Models Start from $149