This iconic city offers a host profitable business opportunities,
come participate in the growth and wealth creation in Bangalore.
When you visit Bengaluru, the thought of living here crosses the mind for everyone. The city is that attractive when compared with all the cities in India.
The perfect weather, totally urban setting and the old world charm as yet undisturbed by high rises will charm you into becoming a citizen as have 12,765,000 million people.
The city is a magnet for youthful talent from across the country. Also known as the silicon valley of India, Bangalore is famed as the IT hub of the country and offers a host of investment opportunities in Bangalore.
The year 2021 has bought in unprecedented challenges. There are those among us for whom these challenges turn into small business opportunities. As a large city that continues to grow, Bengaluru offers profitable business opportunities. Here are 10 such ideas from an insider perspective.
According to data in Wikipedia the following relevant information about Bangalore is furnished here.
Recent estimates of the economy of Bangalore's metropolitan area have ranged from $45 to $83 billion (PPP GDP), and have ranked it either fourth- or fifth-most productive metro area of India.
In 2014, Bangalore contributed US$45 billion, or 38 per cent of India's total IT exports.
As of 2017, IT firms in Bangalore employ about 1.5 million employees in the IT and IT-enabled services sectors, out of nearly 4.36 million employees across India.
With an economic growth of 10.3%, Bangalore is the second fastest-growing major metropolis in India, and is also the country's fourth largest fast-moving consumer goods (FMCG) market.
Forbes considers Bangalore one of "The Next Decade's Fastest-Growing Cities". The city is the third largest hub for high-net-worth individuals and is home to over 10,000-dollar millionaires and about 60,000 super-rich people who have an investment surplus of ₹45 million (US$630,900) and ₹5 million (US$70,100) respectively.
The headquarters of several public sector undertakings such as Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories (NAL), Bharat Earth Movers Limited (BEML), Central Manufacturing Technology Institute (CMTI) and HMT (formerly Hindustan Machine Tools) are located in Bangalore.
In June 1972 the Indian Space Research Organisation (ISRO) was established under the Department of Space and headquartered in the city. Bangalore also houses several research and development centres for many firms such as ABB, Airbus, Bosch, Boeing, General Electric, General Motors, Google, Liebherr-Aerospace, Microsoft, Mercedes-Benz, Nokia, Oracle, Philips, Shell, Toyota and Tyco.
Bangalore is called as the Silicon Valley of India because of the large number of information technology companies located in the city which contributed 33% of India's ₹1,442 billion (US$20 billion) IT exports in 2006–07.
Bangalore's IT industry is divided into three main clusters – Software Technology Parks of India (STPI); International Tech Park, Bangalore (ITPB); and Electronics City. UB City, the headquarters of the United Breweries Group, is a high-end commercial zone.
Infosys and Wipro, India's third and fourth largest software companies are headquartered in Bangalore, as are many of the global SEI-CMM Level 5 Companies.There are a number of small scale business opportunities in Bangalore
Bangalore is a hub for biotechnology related industry in India and in the year 2005, around 47% of the 265 biotechnology companies in India were located here; including Biocon, India's largest biotechnology company.
Legends of individuals finding business success in Bangalore abound in all walks of life.
Here are some lucrative business opportunities&business ideas in 2021 that will create wealth for the stake holders in Bengaluru and
Building construction activity is non-stop activity in the city for decades now. New homes, corporate office towers, new colonies and roadworks are a continuous activity. Finding a business opportunity niche in this high value sector is easy enough as demand for value added suppliers and trained professionals are abundant.
Opportunities in the field of financial services are plenty. In Bangalore’s boom town environment where every organization, brand, product and service choose Bengaluru as their back office or administrative office, professional accounts and finance services is a flourishing industry.
As in any large city Bengaluru has a thriving food industry. The massive working population in the city has a sustained demand for food, every day of the year. Establishing a restaurant, or being a supplier of raw material or setting up a now popular cloud kitchen are some of the possibilities in small or large scale.
Bengaluru is famed for its healthcare facilities and attracts patients from around the country as well as overseas. Skilled healthcare professionals have excellent opportunities to establish practice to meet the demands of surging population.
Corporates, apartment complexes and even private homes require security services in Bangalore just like in any major city. Establishing as a security service provider is a recommended line of opportunity in Bangalore city with its burgeoning business opportunities and the population.
Bengaluru is a sought after tourist destination in the country. The city provides innumerable opportunities for setting up business in the tourism sector. City tours, weekend trips, customized travel plans within the country and overseas are popular opportunities.
The business of private transportation is thriving in Bengaluru due to various factors: Poor government transportation service etc. Efficient transportation of people and goods are in private hands and offers immense business opportunities.
Most successful business are repeated across the country through franchising options. It is easy to set-up a franchise business as all specifications come from the franchiser from location to size, tariff to quality control. There are many franchising models from café’s to supermarket businesses that can be established through a yearly fee.
While schools are big business and the opportunity to commence a school is always a winning idea in Bengaluru. Special schools can be set-up to meet with the city’s demands. Special schools are those that nurture very bright students or slow learners, differently abled or handicapped children.
A good portion of Bengaluru’s population are working professionals. Demand for good childcare facilities abound in every locality of the city. Popular childcare facilities are full and command one of the highest fees in the country mainly due to demand and insufficient supply.
We have listed answers to some of the frequently arising questions when you are considering setting up business in Bengaluru.
Bengaluru offers many advantages to run a business from. Some of the advantages are:
Bengaluru offers well developed infrastructure. Good road network, metro and suburban rail system. One of the finest airports in the country. Companies big and small thrive in every corner of the city with business parks and associated businesses Bengaluru is the most business friendly cities in the country.
Bengaluru attracts the most talent from across the country much more than all the other metros. Additionally, Bangalore hosts some 600 universities, 135 engineering colleges, 181 polytechnics and 103 Research & Development divisions producing 1000’s of talented young men & women ready to take on challenging roles.
It certainly does. Today, the majority of the population living and working in Bangalore are from all the other states from across India.
Bengaluru attracts businesses primarily owing to its resources. IT firms in Bangalore employ almost 2 million employees out of the 5 million employees in the country. Bengaluru has a start-up-friendly environment, centred around research and development. Bangalore’s development commenced in 1985 with the entry of Texas Instruments an IT major from the USA. Since then development in the city has witnessed explosive growth.
The local population of Bangalore are friendly, cosmopolitan and have interacted with families from around the country as well as the UK, USA, Japan, the middle east and the far east. So, rest assured you will receive a warm and friendly welcome and a pleasant atmosphere at work and socially.
Bangalore first of all is a fun loving city. Entrepreneurs here work hard and play hard. As long as one is able to take time out from work Bangalore is a fun city.
It is possible to make living within a minimum budget as well lead a grand life here in Bangalore just as in any other city in the world.
Bengaluru is a fabulous city for entertainment. Famed as the pub city, malls of every kind, restaurants offering cuisines from all over the world Bangalore is great place offering all the entertainment in the world.
With the friendliest and welcoming local population it is easy and enjoyable to live here, interact with people and conclude transactions.
Bengaluru is cosmopolitan with one of the most highly educated populations in the country. The city’s infrastructure is excellent but with a creaky public transportation and heavy traffic. This drawback is seen as an opportunity by savvy entrepreneurs.
Establishing a successful business in Bangalore is recommended as the city continues to grow with demand rising for products and service providers.