Summit Notebook
Exclusive outtakes from industry leaders
The Reuters India Summit comes to Bangalore
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On Wednesday, the Reuters India Investment Summit comes to the information technology hub of Bangalore.
The city has become synonymous in the West with outsourcing and “cheap labor” but is rapidly emerging as a hot spot for research and development. Bangalore is also marching ahead in the information technology value chain. Some companies like Wipro actually outsource work from India to Egypt.
However, the city poses several challenges for the multinational companies. Infrastructure growth in the city hasn’t kept pace with population growth and economic development. Power cuts are frequent, and it isn’t uncommon to see pothole-filled roads clogged with traffic against a backdrop of modern glass and steel buildings.
Other challenges for the outsourcing industry include pressure from populist U.S. politicians, who point out that the economic recovery hasn’t been able to curb unemployment. Buffalo, though, is unlikely to take away any jobs from Bangalore in the foreseeable future.
The Bangalore leg of the Summit will feature senior executives from the information technology giants including Infosys, Wipro, Mphasis, Mahindra Satyam and SAP.
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The city is developing really fast in terms of infrastructure. They are widening of roads ,building the Metro Train rapidly , Drainage is getting build up , Elevated Expressway to Electronic City is almost Complete.You can see the rapid construction going on everywhere in Bangalore. So don’t loose hope
Hyderabad is a better place to do business. It has better roads, better infrastructure and is cost effective.