Bangalore - Karnataka

• Bangalore, also rendered Bengaluru is the capital of the Indian state of Karnataka. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and fifth-most populous urban agglomeration. Bangalore is well known as a hub for India's information technology sector. It is among the top 10 preferred entrepreneurial locations in the world.

Economy

Bengaluru's INR52,346 crore (US$9.47 billion) economy (2006–07 Net District Income) makes it one of the major economic centers in India, with the value of the city's exports totaling INR43,221 crore (US$7.82 billion) in 2004–05.[56] With economic growth of 10.3%, Bengaluru is the second-fastest-growing major metropolis in India and is also the country's fourth-largest fast-moving consumer goods (FMCG) market.[58] The Forbes magazine considers the city as one of "The Next Decade's Fastest-Growing Cities". With a per capita income of INR74,709 (US$1,352.23) in 2006–07, the city is the third-largest hub for high net worth individuals and is home to over 10,000 dollar millionaires and about 60,000 super-rich people who have an investable surplus of INR4.5 crore (US$1 million) and Rs. 50 lakh (US$ 90,500) respectively.

The headquarters of several public sector undertakings such as Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories (NAL), Bharat Heavy Electricals Limited (BHEL), Bharat Earth Movers Limited (BEML), and HMT (formerly Hindustan Machine Tools) are located in Bangalore. In June 1972 the Indian Space Research Organisation (ISRO) was established under the Department of Space and headquartered in the city.

Bengaluru is called the Silicon Valley of India because of the large number of information technology companies located in the city which contributed 33% of India's Rs. 144,214 crore (US$ 26 billion) IT exports in 2006–07. Bangalore's IT industry is divided into three main clusters — Software Technology Parks of India (STPI); International Tech Park, Bangalore (ITPB); and Electronics City. UB City, the headquarters of the United Breweries Group, is a high-end commercial zone. Infosys and Wipro, India's second and fourth largest software companies are headquartered in Bangalore, as are many of the global SEI-CMM Level 5 Companies.