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Bengaluru
Singapore has been instrumental in Bengaluru’s transformation into a global tech hub over the past 30 years. This partnership was highlighted during a recent Bengaluru Tech Summit 2024 roadshow, where Karnataka’s Secretary for Electronics and IT, Ekroop Caur, emphasized Singapore’s role as a key stakeholder in this evolution.
Since the onset of Bengaluru’s tech revolution, Singapore has maintained a deep association with the city. Capitaland, a major Singaporean player, has significantly contributed to Bengaluru’s tech infrastructure through public-private partnerships. Caur noted that the collaboration between Karnataka and Singapore could accelerate business growth, citing the city-state’s extensive network of global companies that can connect with corporations worldwide.
Bengaluru has emerged as the world’s fastest-growing tech ecosystem, with investments skyrocketing from $1.3 billion in 2016 to $7.2 billion in 2020. This growth is attributed to the influx of Indian talent and returning Indian-origin startups that are eager to scale their businesses in India’s Silicon Valley.
Caur highlighted the importance of skilled manpower exports and India’s demographic advantage, stating, “We have this tagline – ‘skill locally, work globally’.” She underscored India’s capability to meet global talent demands. Furthermore, Singapore serves as a global innovation alliance partner, fostering participation from its companies in initiatives like the upcoming Bengaluru Tech Summit.
The summit, scheduled for November 19-21, is expected to attract over 5,000 companies and a government-led mission from Singapore, showcasing the robust ties between these regions. Jagdish Patankar, Executive Chairman of MM Activ, noted that this collaboration is vital for innovation and growth in both, Bengaluru and Singapore.
As Bengaluru continues to solidify its status as a premier tech hub, Singapore’s strategic involvement remains crucial. The synergy between these two regions not only enhances technological advancements but also paves the way for future partnerships that can reshape the global tech landscape.
