Global Brands Target Bangalore For Tech Development
The new year has come with some good news for the techies of Bangalore. It was recently reported that the healthcare major Baxter would be collaborating with Biocon to set up a global research centre in Bangalore. Now, the $10 billion worth Limited Brands, makers of the globally recognised lingerie brand Victoria's Secret, the $50 billion worth home improvement and hardware chain Lowe's and the $137 billion worth food and agriculture company Cargill will all be setting up Global In-house Centres (GICs) in Bangalore.
The Karnataka government, in association with NASSCOM and ANSR Consulting are aiming to make Bangalore the GIC capital of the country, with plans to bring in 25 GICs in the next five years.
This not only consolidates Bangalore's position as the IT capital of India and one of the most preferred global destinations for IT, but will also create more jobs in the city, making Bangalore the most preferred destination for tech job seekers as well.