Mini Bengalurus: Why govt wants tech hubs in Tier II, III towns
Bengaluru Rising report, released by the UnboxingBLR Foundation during the Bengaluru Tech Summit, highlighted the city’s economic growth, lifestyle advantages and global appeal. Bengaluru has positioned itself as an economic powerhouse, ranking third in company formations after Mumbai and Delhi, with over 27,000 new companies registered between 2012 and 2023. It has also added 80 million square feet of Grade A office space, generating 800,000 jobs—the highest among Indian cities.
In the startup ecosystem, Bengaluru remains unmatched. On average, the city has seen 1,400 startups emerge annually over the last decade, trailing only Delhi NCR’s 2,100 yearly average. It also leads the nation in startup funding and the creation of unicorns, reinforcing its reputation as India’s entrepreneurial hub in addition to being its own Silicon Valley.
But it seems Bengaluru is getting saturated with its phenomenal growth. Though it may seem nearly impossible to build another Bengaluru in India, a lot of mini Bengalurus can sprout across the country in coming years.
Also Read: GCCs may receive sops to set up units in tier-2 and 3 towns
Building mini Bengalurus in Tier II and Tier III towns
A few months ago, Union Commerce & Industries Minister Piyush Goyal's comment on Bengaluru triggered a controversy. Goyal said at an event in Delhi, “We should aspire to go beyond. We should aspire to have our own Silicon Valley… I know Bengaluru is the Silicon Valley of India, but it's time we started thinking about tying up with NICDC and
