Bengaluru and the spirit of Entrepreneurship

Here is a list of reasons for Bengaluru being a favorite location to start-up:

1 – Technology Infrastructure :- High end systems, high speed internet, ask for anything new in the field of technology, it’s usually first implemented in Bengaluru. That gets Bengaluru a premium tag.

2 – Workforce & Talent :- A plethora of highly qualified professionals makes it a easy choice for most of the entrepreneur’s to choose Bengaluru to kick-start their venture. Engineer’s and Business professionals are a new class of the neatly woven fabric in Bengaluru.

3 – Geographic location :- Weather in Bengaluru is usually pleasant with room temperature hovering between 23°C to 27°C throughout the year with summer being an exception. Bengaluru is the king among metropolitan cities of India, when it comes to weather.

4 – Koramangala :- The Heart of Entrepreneurship for the whole nation is located at koramangala. Visit any street in this locality of Bengaluru and you shall encounter a new venture or business being built. Koramangala is a place that every entrepreneur must visit at-least once in their lifetime.

5 – Government support :- The Karnataka Government has been one of the most proactive government in the country as far as Entrepreneurship is considered. Some of the highly successful Information Technology & Bio-technology ventures started off from Bengaluru by the initial support offered by Karnataka Government. ITPL and many SEZ’s in the city are examples for it.

6 – Cosmopolitan Nature :- This is the ultimate reason for Entrepreneurship to be cherished in Bengaluru. People from different parts of the country live and work in Bengaluru, surely Bengaluru is a “Melting pot”.

7 – Cost of living :- Of late the costs have been going up in Bengaluru considering inflation and other factors. But it’s still affordable for middle class to survive. Cost of living is comparatively cheaper than Delhi and Mumbai.

8 – Education :- The city hosts a series of exceptional institutions, IISc and IIM being the cream. Even at secondary and higher secondary level there are many noteworthy institutions.

9 – Law and Order :- Law & order is usually stable with few huff and puff at times. Law & order is one more reason to choose Bengaluru as a business location.

10 – Healthcare :- Many healthcare bodies are spread-out through the city, there are specialized units in the city where foreigner’s are addressed too. Healthcare facilities are cheaper in Bengaluru compared to International standards.

Bengaluru is the first Indian city to have it’s own logo.

BE”ngalur“U”, BE and U in Bengaluru stands for “Be You”.

India : The Dark Horse

 

Let us understand and discern what population of India can deliver.

As of 2016 our population is 1.324 billion which translates to 132 crores(approximately).

Adult literacy rate is 72.1%(2015), assuming this population can do basic reading and writing.

Keeping the same percentage for 2016 would translate to 95.17 crores. If we consider 10% of this population to be the cream i.e. approximately 10 crore Indians would be the think tank of this country.

India is a mouth watering market for any tech company/startup today because India offers a sizable population to operate for these companies and also provides the demographic variety. So any company, if not now probably in the coming days would first want to test it’s product here before launching it globally.

Let us look at the sectors which offer opportunities :

  1. Internet – Has changed the way Indians live in the last 10 years, will continue to grow with the same pace with cheaper data rates and increasing mobile users.
  2. Infrastructure – Offers an extremely promising landscape provided there are easier policies while executing projects.
  3. Transportation – This is one sector which can bring perennial windfall of wealth if revamped and redesigned different routes with ports of this big nation.[looks like IIT(Internet, Infrastructure and Transportation) occupies the top place here too, just kidding there is nothing like top in this list as all these sectors give enough scope and space for development]
  4. Healthcare – One booming sector which is embracing and adapting to change quickly, with ageing population. It can be a mammoth sized industry if nurtured from grass-root level.
  5. Sports & Fitness – In one sentence this can be defined as the industry which requires immediate attention.
  6. Clean Energy – With depleting levels of non renewable energy sources it’s time to look for renewable sources as India provides ample opportunity with varied climatic condition throughout the country.

There are industries which give abundant opportunities upfront such as agriculture, education, FMCG, etc. The above mentioned list of industries are for an  individual who wants to unlock potential with increasing population.

As a society, we are evolving from a large sized group to nuclear groups which is a necessary and more viable option in an urban mindset. It is more to do with can do approach rather than what if.

Population proliferation can be beneficent if acted upon now. That does not validate the fact that this trend must continue. There needs to be more opportunities for people who want to take risks by giving creative freedom, irrespective of results. This attitude will bring upon a change in how younger generation perceive their world within and outside themselves.

The horse is ready to gallop, time for jockey !

Data Source: 

Population - World Bank.

Literacy rate - Wikipedia.

Indian

The highest form of endowment that I will ever possess will be the fact that I am an INDIAN.

India, the land of cultural resonance shall always hold a unique place on the globe.

Being Indian makes me rise above religion, caste, creed, state, language and many such boundaries.

This rich nation, has made me richer in every aspect, more so culturally. Probably, if not for India, I would have never had an opportunity to learn/speak Kannada, Hindi, Tamil, Telugu or English and enjoy the variety from myriad sources of this great nation.

Politically there may be leftist and rightist ideologies. But common man needs neither of them. Clearly, people of India need a rationalist movement.

Bhagat Singh was an atheist.

Swami Vivekananda believed in service to mankind.

APJ Abdul Kalam preached science as a tool for self reliance.

Verghese Kurien started white revolution.

Vikram Sarabhai stands as tall as Bahubali(Mahaveera) in Indian space research program.

All the great names mentioned above belonging to different religion such as Sikhism, Hinduism, Islam, Christianity, Jainism have co-existed and contributed for overall development of this nation.

Mahatma Gandhi inspired a whole new generation across the world.

Looking Ahead

The biggest strength and weakness of current India is population. It is a strength because we have the largest youth population on this planet. It is a weakness since the opportunities are limited.

If we are to gain advantage over other nations and become a global power house, it’s about channeling youth energy.

India will overcome it’s shortcomings in the upcoming years, the Millennials will  be operating for the next 10 years. Yes, the millennials are avert to many concepts, but they will be the key in shaping future India. One hurdle for millennials shall be capitalism versus socialism which millennials can pass through with time and experience.

Happy Republic Day everyone.

26th January, the day when India became a republic and constitution came into existence.

Constitution of India

The Indian Constitution has been a sovereign symbol of this glorious nation. For people who want to read and download the constitution please find the link below.

Read/Download: Constitution of India

The beauty of India lies in it’s diversity of food, dressing, habitat, lifestyle and culture. Let’s pledge to preserve and enrich them by respecting one another.

One India many cultures.