Bengaluru Best Location For Tech Firms: Colliers Report  

20 Sep, 2018 12:23 IST|Sakshi
Representational Image

New Delhi: Bengaluru is the best location in Asia for technology companies to operate, said a Colliers International report.

It is followed by Singapore and Shenzhen (China) in terms of starting and expanding technology operations in Asia, it said on Wednesday.

"Bengaluru's boost comes from its socio-economic strengths that has set it to be the fastest-growing in Asia with an average predicted annual GDP growth of 9.6 per cent till 2022," said Joe Verghese, Managing Director, Colliers International India.

As the natural hub for technology start-ups, Bengaluru has attracted the highest quantum of start-up investments at an annual average of $4 billion over the last three years, he added.

"Bengaluru scores 68 per cent in the ranking and comes first overall. Bengaluru is the largest office market in the country with total Grade A stock of 141 million square feet (13.1 million square metre) spread across multiple micromarkets," said the report named "Top Locations in Asia: Technology sector".

Also Read: Indian Tech Firms Happy With Union Budget

According to the report, Bengaluru is set to become the fastest-growing city in Asia over the next five to ten years and reaps benefits from a wide and deep talent pool.

The other Indian cities which figure among the top 10 are Hyderabad and Mumbai. Hyderabad ranked seventh, while Mumbai ranked tenth. Delhi-NCR, on the other hand figured at the 11th position.

"Hyderabad ranks highly on growth potential like all Indian cities, but lower on other socio-economic factors and does not match Bengaluru as a source of talent. However, tax rates and cost of living are low and the city scores better than many other Indian cities on human factors," the report said.


Load Comments
Hide Comments
More News
Lockdown 4.0: RBI May Extend Loan Repayment Moratorium By 3 More Months
‘Insurance of Pandemics: How Term Life Insurance has become the Need of the Hour’
Tata Trusts Announces Rs 500 cr To Fight COVID-19
Top 25 Business Ideas In India To Try In 2020
Rs 50k Crore Special Finance Facility For NABARD, SIDBI, NHB: RBI Gov   
After Facebook, Tech Investor Giant Silver Lake Invests Rs 5,656 Crore In Jio Platforms  
Lockdown Could Lead To Job Cuts In IT Sector, But Boost Work-From-Home Culture In The Long Run
SBI Waives Off Service Charge On ATM Transactions Till June 30th
Salesforce India Appoints Ex-SBI Chief Arundhati Bhattacharya As CEO
How Mukesh Ambani Became Poorer By Two Million In Seconds
Producer Reacts To Balakrishna's Comment
Watch: RGV's 'Coronavirus' Official Trailer
Watch: Mahesh Babu's First Ever Workout Video!
Chiru Shares His Sweet Memory Of NTR
Pooja Hegde's Instagram Account Hacked!
Salman Khan's Reply Won Bhagyashree's Heart!