A report by Deloitte India and Nasscom has revealed that Hubballi, Mysuru, and Mangaluru have been adjudged as Emerging technology hubs in Karnataka.
According to the report, a total of 26 cities in India have been adjudged as Emerging technology hubs in India. Only 3 cities have managed to get a spot from Karnataka.
The report is based on five important pillars namely Talent, Infrastructure, Risk and Regulatory Environment, Start-up Ecosystem, and Social and Living Environment.
The parameters are considered vital for establishing a flourishing technological landscape. Fueled by rapid infrastructure growth, blooming start-ups, and governmental initiatives, these emerging hubs are gearing up to achieve tier-1 status.
The 26 Emerging Tech hubs in India as per the report are as follows: Chandigarh, Jaipur, Ahmedabad, Indore, Nashik, Warangal, Hubballi, Mangaluru, Mysuru, Coimbatore, Kochi.
Thiruvananthapuram, Guwahati, Kanpur, Lucknow, Ranchi, Bhopal, Raipur, Bhuvaneshwar, Nagpur, Vishakapatnam, Vijayawada, Tirupati, Vellore, Madurai and Tiruchirapalli.
Why Hubballi is an Emerging Tech Hub? The presence of the Deshpande Foundation and KLE University Incubator, have been instrumental in fostering a conducive ecosystem for emerging start-ups in Hubballi.
The city is home 6000+ IT/BPM talent pool of professionals. Among them, 3,000+ are IT professionals and ~1,500 are Engineers or with R&D skills. Other technologies such as Cloud and AI/ML have around 200 and 150 people respectively.
The presence of renowned educational institutions, such as IIT, IIIT, KLE Technological University, and Karnataka University has ensured a steady supply of high-quality fresh talent in the Tech and Allied sectors.
Hubballi Dharwad is home to 30+ Large and Medium Scale Industries with an investment of up to ₹3,201 crores and around 29,000+ Small Scale Industries and Ancillary Units with an aggregated investment of around ₹950+ crores.
The city is part of the Bengaluru-Mumbai Economic Corridor and is expected to be globally competitive in Heavy engineering, Automobiles, FMCG, CEDG and Defence sectors.
The city also houses a unique incubation centre for start-ups, the Hubballi ESDM (Indian Electronic System Design Manufacturing) Exchange (HEX), established by the government of Karnataka, India Electronics and Semiconductors (IESA), and KLE Technological University.
The centre aims to incubate and nurture 1,000 ESDM start-ups, build a business worth INR 1 lakh crore, and generate ~10 lakh jobs. Read more about Industries in Hubballi Dharwad here.
Why Mysuru is an Emerging Tech Hub? Mysuru has a presence of more than 200 technologyand BPM-related business set-ups, along with training centres of Indian tech companies.
Development of Mysuru as a hub for cyber security is imminent by setting up of the Cyber Security Centre of Excellence. The stage has been set for Mysuru to become a hot destination for innovative start-ups.
With the completion of the 10-lane Mysuru-Bengaluru Highway, accessibility to Bengaluru will result in a paradigm shift for technology and other service industries on the lines of the Mumbai-Pune industrial corridor.
With its proximity to Bengaluru, it has emerged as a cost-effective location for technology companies engaged in software development, service delivery, cloud, and information services.
Mysuru is the second-largest software exporter in the state of Karnataka after Bengaluru. It is home to major GCCs and national technology corporates such as Cognizant, Softvision, and Marlabs.
With recent infrastructure projects reducing the travel time between Mysuru and Bengaluru to about 90 minutes, Mysuru is poised to grow as an ideal ‘spoke’ destination.
Why Mangaluru is an Emerging Tech Hub? Mangaluru has More than 50 technology and BPM-related businesses in the city, the major ones being Cognizant and Infosys.
Declared as the first Start-up District in India, Mangaluru is home to the first government-established incubator for start-ups. The city is Home to more than six incubators, thus moving up in the innovation index amongst other tier 2 cities.
Mangalore is home to ~25,000 installed technology talent largely engaged in technology services. Mangaluru is the only city in Karnataka to have all modes of transport: Air, Road, Rail, and Sea.
The city is an Education hub having ~300 colleges, including prominent colleges and universities such as Manipal University, NIT Surathkal, Kasturba Medical College, and Mangaluru Institute of Technology and Engineering.
Mangaluru Special Economic Zone Limited (MSEZL) is one of India’s most successful SEZs with investments exceeding US$ 2 billion. Mangaluru is one of the fastest-growing outsourcing destinations in India with over 50 set-ups.
With exports of over US$ 400 million worth of goods from its units, MSEZL has emerged as one of the most vibrant operational multi-product SEZs in India.
India has emerged as a leading “Digital Talent Nation”. It is also leading the race to become the global digital technology hub. At present, 11-15 per cent of India’s tech talent resides in tier-2 and tier-3 cities.