logo
Bengaluru joins global tech elite with 1 million-strong workforce: CBRE report

Bengaluru joins global tech elite with 1 million-strong workforce: CBRE report

Times of Oman2 days ago

New Delhi: In a resounding affirmation of India's ascent in the global digital economy, the city of Bengaluru has achieved a historic milestone.
CBRE's Global Tech Talent Guidebook 2025 highlights that Bengaluru, often dubbed the "Silicon Valley of India," has officially joined the ranks of elite global technology powerhouses with a tech workforce exceeding 1 million.
This landmark development places the city alongside global giants such as the San Francisco Bay Area, New York, and London, underscoring its rising influence in the global tech landscape.
The recognition from CBRE, one of the world's leading commercial real estate and investment firms, is a major endorsement of Bengaluru's role as a transformative force in the tech world.
With a robust ecosystem of startups, multinational firms, research institutions, and a highly skilled talent base, Bengaluru exemplifies the dynamism and potential of India's broader tech revolution.
A testament to India's tech potential
Bengaluru's achievement reflects the strength of India's tech ecosystem, which has evolved remarkably over the last two decades.
The city has consistently been a magnet for domestic and international firms seeking talent, innovation, and scalability.
With the number of tech professionals now crossing the one million mark, Bengaluru has not just grown in size but matured in sophistication.
The CBRE report emphasises that this scale of growth is matched by the city's ability to adapt to evolving global technology trends.
From artificial intelligence and machine learning to cloud computing, fintech, and enterprise solutions, Bengaluru is home to cutting-edge innovation across all major domains of the digital economy.
A vibrant innovation ecosystem
One of Bengaluru's greatest strengths lies in its vibrant and collaborative tech ecosystem.
The city is home to a large number of startups—many of which have achieved unicorn status—as well as global tech giants such as Google, Microsoft, Amazon, and Intel, all of which have established significant operations in the city.
India's largest software services exporters, including Infosys and Wipro, also have their headquarters in Bengaluru.
These firms continue to evolve and scale, providing high-value services to global clients and investing significantly in upskilling their workforce and investing in research and development.
In addition to corporate giants, Bengaluru is known for its thriving startup culture.
The city has produced some of India's most successful tech startups—like Flipkart, Swiggy, Razorpay, and Freshworks—that have grown to become global players.
The support ecosystem—comprising venture capital firms, incubators, and accelerators—has played a crucial role in nurturing innovation and entrepreneurship.
A young, skilled, and diverse talent pool
One of the driving forces behind Bengaluru's rise to global prominence is its immense talent pool.
The city is home to premier institutions such as the Indian Institute of Science (IISc), Indian Institute of Management Bangalore (IIMB), and numerous engineering colleges that feed the tech industry with top-tier talent year after year.
The workforce in Bengaluru is not only large but also diverse and future-ready.
With a median age far younger than many Western tech hubs, Bengaluru benefits from a dynamic demographic profile that fuels innovation, risk-taking, and digital fluency.
Increasing numbers of professionals are trained in next-gen technologies, enabling the city to stay at the forefront of rapid technological change.
Moreover, the city has increasingly become attractive to talent from across India and the world, contributing to a cosmopolitan work culture that values collaboration, agility, and continuous learning.
World-class infrastructure and connectivity
Bengaluru's development as a tech hub has also been supported by strong infrastructure and policy initiatives.
The presence of numerous tech parks such as Electronic City, Whitefield, and Manyata Tech Park, along with Special Economic Zones (SEZs), has provided world-class facilities to enterprises of all sizes.
The city's improved public transportation network, including the expansion of the Namma Metro, growing international connectivity via the Kempegowda International Airport, and the development of suburban rail and tech corridors, further strengthens its appeal as a global business destination.
Additionally, Karnataka's state government has played a supportive role in enhancing the ease of doing business, encouraging innovation, and facilitating foreign investments through proactive policies.
Initiatives like the Karnataka Digital Economy Mission (KDEM) aim to double the state's digital economy and create millions of jobs, with Bengaluru as the cornerstone of that vision.
A preferred global technology hub
CBRE's Global Tech Talent Guidebook 2025 positions Bengaluru as a premier destination not just for Indian firms but also for global companies looking to expand or establish their technology operations.
The city offers a unique combination of scale, skill, and cost-effectiveness that few other global destinations can match.
Bengaluru's competitive cost of operations, coupled with a high return on innovation investment, makes it particularly attractive in an era where enterprises are increasingly focused on value creation and efficiency.
The city's proficiency in both back-end services and front-line innovation makes it a one-stop destination for end-to-end technology development.
Furthermore, Bengaluru's global mindset—shaped by decades of working with international clients—enables seamless collaboration across borders.
The prevalence of English as the business language, a strong legal framework, and robust intellectual property protection further enhance its global appeal.
A future-ready city
As the world embraces the Fourth Industrial Revolution, Bengaluru is positioning itself as a future-ready city.
Investments in emerging areas such as quantum computing, space tech, clean energy, and sustainable innovation are beginning to take root in the city's rapidly evolving tech ecosystem.
Educational institutions, corporate R&D centres, and public-private partnerships are driving frontier research, while the city's young entrepreneurs are tackling global challenges through technology-driven solutions.
Government initiatives to promote skilling in AI, data science, blockchain, and cybersecurity are preparing the workforce for the jobs of tomorrow.
Importantly, the rise of remote and hybrid work models has not diminished Bengaluru's relevance.
On the contrary, it has made the city an even more attractive destination for digital-first companies that value a tech-savvy, distributed workforce.
Bengaluru's global tech moment
Bengaluru's entry into the league of global tech powerhouses with over 1 million professionals is a moment of immense pride—not just for the city, but for India as a whole.
It is a testament to decades of hard work, strategic investments, and a culture that embraces innovation and excellence.
As highlighted in CBRE's Global Tech Talent Guidebook 2025, Bengaluru's rise is not a coincidence—it is the result of sustained momentum built on a foundation of talent, infrastructure, vision, and resilience.
The city's tech workforce is powering not only Indian enterprises but also contributing to transformative solutions across the globe.
With its eyes firmly set on the future, Bengaluru is not just keeping pace with the world—it is helping shape it.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

India grants Saudi PIF more flexibility in equity markets
India grants Saudi PIF more flexibility in equity markets

Times of Oman

time11 hours ago

  • Times of Oman

India grants Saudi PIF more flexibility in equity markets

New Delhi — India has agreed to exempt the Saudi sovereign wealth fund from key foreign portfolio investment (FPI) restrictions, according to two sources familiar with the development. The decision aims to facilitate greater capital flows into India by allowing Saudi Arabia's Public Investment Fund (PIF) and its affiliated entities to invest more flexibly in Indian equities. Current Indian regulations cap total investment from sovereign-related entities at 10% in a single company—regardless of whether investments come from separate arms of the same fund. 'This restriction has previously limited the PIF's ability to channel capital into India's high-growth sectors,' said one of the sources, who requested anonymity due to the sensitivity of the matter. The exemption, which comes after Indian Prime Minister Narendra Modi's high-profile visit to the Gulf nation in April, is seen as a strategic step to unlock Saudi capital. The two nations have been working to strengthen cooperation in critical sectors such as energy, infrastructure, and pharmaceuticals. During the visit, both sides reaffirmed their commitment to finalizing a bilateral investment treaty (BIT) and enhancing cross-border economic engagement. Saudi Arabia's PIF—one of the world's largest sovereign wealth funds with assets estimated at $925 billion—currently holds $1.5 billion in India's Jio Platforms and $1.3 billion in Reliance Retail. Analysts believe the exemption will pave the way for broader and deeper investments across India's fast-growing sectors. India, the third-largest oil importer globally, has been actively courting long-term capital from Gulf states to fund its infrastructure push. Simultaneously, Saudi Arabia has been seeking strategic investment opportunities in emerging markets as part of its ambitious Vision 2030 diversification strategy. To this end, the two countries formed a high-level task force in 2024 to accelerate Riyadh's plan to invest $100 billion in India. Progress on key issues such as taxation has been lauded by both governments as a breakthrough. 'The progress made by this Task Force in areas such as taxation was also a major breakthrough for greater cooperation in the future,' a joint statement issued in April said. Recent media reports suggest India is also considering tax relief measures for the PIF to further incentivize investment in infrastructure and energy projects.

'Process reforms' vital in India's GDP growth rate of 6-7%: Sanjeev Sanyal
'Process reforms' vital in India's GDP growth rate of 6-7%: Sanjeev Sanyal

Times of Oman

time14 hours ago

  • Times of Oman

'Process reforms' vital in India's GDP growth rate of 6-7%: Sanjeev Sanyal

Bengaluru: Economist Sanjeev Sanyal has said that India's economic growth rate of 6 to 7 per cent is a result of many "process reforms" undertaken that are not part of the headlines. India continues to be among the fastest-growing major economies and is expected to maintain this momentum over the coming years, according to global agencies. Speaking in Bengaluru at a seminar titled 'Reforms: Way To Vikasit Bharath,' Sanyal, who is member of EAC-PM, said "process reforms are an important part of reforms". "These are not reforms that you hear about in the headlines or in newspapers; unless you happen to be from that little sector, you probably don't know anything about it. And yet it is the accumulation of these hundreds of small reforms," he said. "The 6.5-7 per cent GDP growth rate we are now seeing is driven at least in part by the efficiencies we get from this kind of reform," Sanyal said, highlighting the importance of micro-reforms. He said that the government has removed hundreds of outdated colonial-era laws. "My late colleague Vivek Debroy was much into that. He was instrumental in removing hundreds of outdated, ridiculous laws. We've got four major maritime laws which go back more than 100 years, which I have worked to change," he said. Sanyal said that reforms can be challenging and may not be popular with people but have a positive impact on economic growth. "Laws are changing. These reforms are happening. And this is very painful, excruciating work, as you can tell; each one of them will need data, and we need to argue with people. You have to be willing to be unpopular with a large number of people, but you have to persist with this," he said. "Yesterday, you got the data: the economy grew in the last quarter by 7.4 per cent and we are now by some margin the fastest-growing economy despite all the turbulence in the world. It's not happening just like that. There's a lot of work that goes on at the back to keep this economy running," Sanyal added. He noted that while small reforms often go unappreciated, their cumulative impact has significantly improved systemic efficiency. This, he added, is one of the key drivers behind the current 6.5-7 per cent GDP growth rate. According to the IMF's April edition of the World Economic Outlook, India's nominal GDP for fiscal year 2026 is expected to reach around USD 4.187 trillion. This is marginally more than Japan's likely GDP, which is estimated at USD 4.186 billion. Indian economy grew by 6.5 per cent in real terms in the recently concluded financial year 2024-25, Ministry of Statistics and Programme Implementation's official data showed on Friday.

Govt prioritising lower denomination notes and digital transactions: Sitharaman
Govt prioritising lower denomination notes and digital transactions: Sitharaman

Times of Oman

time14 hours ago

  • Times of Oman

Govt prioritising lower denomination notes and digital transactions: Sitharaman

New Delhi: Indian Union Finance Minister Nirmala Sitharaman said on Saturday that the priority of the government is to "make sure" that currency in circulation will be in "lower denominations" and spreading more awareness for "doing digital transfers." Answering a question on the future of Rs 500 currency, Sitharaman said, "We are making every effort to make sure that currency will be in the lower denominations, used much more than the higher, as the Rs 2000 is almost completely out of circulation, except for possibly 0.02, which is still lying outside. Others have given it to the banks." "We need to have more digital awareness built so that people see a benefit in doing digital transfers," the Union Finance Minister said at the 'National Commemorative Seminar on 60 Years of Pt Deendayal Upadhyaya Integral Humanism Lectures' in the national capital. In recent years, India has witnessed an unparalleled rise in digital transactions, marking a significant milestone in its journey towards becoming a cashless society. At the forefront of India's digital payment revolution is UPI with a record hit of 16.73 billion transactions in December 2024. In addition to this, Immediate Payment Service (IMPS) and FASTag have emerged as pivotal players, making financial transactions faster, more accessible, and secure. As of recent data from the National Payments Corporation of India (NPCI), UPI has set a new record by processing over 16.73 billion transactions, with a staggering transaction value of Rs 23.25 lakh crore. This is a notable jump from Rs 21.55 lakh crore in November. In 2024, UPI processed around 172 billion transactions, marking a 46 per cent increase from 117.64 billion in 2023. This rise underscores a broader cultural shift toward financial inclusivity, with UPI being a central pillar.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store