Karnataka is among the top 5 Industrialized State where one global
corporation moves in each week. Bangalore is the state capital of
Karnataka and it is the IT hub of India and which is also known
as 'Knowledge Capital' of the country. Bangalore with a population
of over six million stands as the third most populous city in India
and the 27th largest city in the world. With an enormous growth
rate of 38%, in 200, Bangalore was the fastest-growing Indian metropolis
after New Delhi.
Bangalore's economy worth USD 60.5 billion makes it a major economic
centre in India. And thus Bangalore is India's fourth largest and
fastest growing market. The city is also the third-largest hub for
high net worth individuals (HNWI / HNIs), after Mumbai and Delhi.
Bangalore's share of Rs. 1660 crore (US$ 3.7 billion) in Foreign
Direct Investment was the third highest for an Indian city.
Bangalore is headquarters to several public manufacturing heavy
industries and it is called the "Silicon Valley of India"
because of the large number of Information Technology companies
located in the city which contribute 38% of India's Rs. 100,000
crore (US$ 22 billion) IT and software export market.