Technology companies such as Texas Instruments pioneered the concept of offshoring in Bangalore, but it is the service companies such as Infosys and Wipro that redefined Bangalore’s IT landscape in the early 90s. Now, the IT market in Bangalore has come a full circle. Offshoring initiatives, initially started by technology companies such as Texas Instruments have evolved from a body shopping model building Y2k solutions, and dotcom solutions to enterprise solutions, today, to new technology development. On an average,3 new technology companies are starting their R&D centers in Bangalore every week. Most of these companies are early stage VC funded companies. In this article we will look at the reasons for Bangalore’s evolution from a desired IT services destination to an R&D capital outside the US.
Speak with our consultants