Bengaluru Tech Summit: IT leaders hail city's talent, innovation, growth ecosystem

The new GCC Policy targets the establishment of 500 new Global Capability Centres in Karnataka, achieving a total number of 1,000 GCCs, to support the creation of 3.5 lakh new jobs
The venue of Bengaluru Tech Summit 2024
The venue of Bengaluru Tech Summit 2024(Photo | X)
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BENGALURU: Acknowledging Bengaluru as a formidable tech hub not only in Karnataka or India, but on the world stage, leading IT industry representatives appreciated the talent pool and conducive growth environment the city has to offer while committing to contribute further to its journey of innovation.

Swiggy, one of the country's leading food delivery platforms, arrived in Bengaluru around 10 years ago. Co-founded by Sriharsha Majety, Nandan Reddy, and Rahul Jaimini, the company chose Karnataka's capital to script its growth story.

Expressing Swiggy's trust with Bengaluru at the inauguration of the Bengaluru Tech Summit 2024 on Tuesday, Majety, who is also its CEO, said, "When we decided to do something in technology, our conversation lasted only minutes, before we had already decided to move to Bengaluru. Today, it's almost like Swiggy stands on the shoulders of many great giants who came before us and not only created companies here, but also powerhouses of talent. We were able to benefit from them in the next wave, and hopefully, we will be able to pay back a little and create even more talent, because talent is the most incredible raw material for any firm to fulfil its dreams. And as far as that raw material goes, Bengaluru is unparalleled."

On a similar note, Texas Instruments India Managing Director Santhosh Kumar expressed gratitude for Bengaluru’s dynamic ecosystem that has supported the company’s success over the last four decades, shaping India’s semiconductor and technology landscape.

"We have seen this ecosystem evolve, prosper, and really grow... We come because we can actually create the best products, not just India's best or the company's best, but the world's best... We do have a commitment to make sure that the quality of life here improves, with the tech work we do," he mentioned.

Both Majety and Texas Instruments India were honoured by the Department of Electronics, IT & Bt, for their contributions to the state's technological landscape.

Meanwhile, the new GCC Policy targets the establishment of 500 new Global Capability Centres in Karnataka, achieving a total number of 1,000 GCCs, to support the creation of 3.5 lakh new jobs and generate USD 50 billion in economic output in the state by 2029.

Sharing his views, IT industry veteran and Chairperson, Vision Group on IT & Electronics, Government of Karnataka, Kris Gopalakrishnan, expressed, "We have the largest number of GCCs in the country, and they have moved up the value chain to do research over time. Any product you may think of in the world, has a part of Bengaluru in it, because some part of that product, hardware or software, is designed and developed in the city. The policy of the government has been to continue to elevate the demands for a world-class ecosystem to develop. The GCC policy continues to push the boundaries on what is to be done."

"Our state is a preferred destination for GCCs, thanks to its unmatched engineering talent and the highest number of AI professionals globally. This will further be strengthened by our initiatives under 'NIPUNA Karnataka', which will be a programme designed to create an industry-ready workforce," concluded Chief Minister Siddaramaiah.

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