India Is Quietly Splitting Into Multiple Silicon Valleys
Bengaluru no longer has it to itself. With land subsidies, revenue targets and rival state policies, nine states are now bidding for the next wave of global capability centres.
For two decades, the story of India’s Global Capability Centres was really a story about two or three cities. Bengaluru ran the engineering. Hyderabad and the National Capital Region picked up much of the rest. Everyone else watched from the sidelines. That era is ending, and what replaces it is more interesting than a simple growth chart: it is a genuine contest among Indian states for a slice of what could become a $150 billion sector by 2030.
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