Home to over 10 million people, Bangalore is one of the largest cities in India and is a major economic & cultural hub and is one of the fastest growing metropolitan cities of the world. Bangalore known as the Silicon Valley of India has been described as “a gateway to new global frontiers” and a harbinger of a new global labour force that works in IT, manufacturing industries and many others.
There are a number of reasons why Bangalore attracts a large number of national and international companies. Consistently pleasant weather, good labour relations, excellent education and research institutions (including IWST, IPIRTI and ICFRE), good telecom connectivity, advanced infrastructure in terms of hotels, airport with better connectivity, logistics, better state policy and investor perception are just few of these reasons. The proactive governments all along the years who had the ability and willingness to facilitate new investments are also an important reason for Bangalore to attract more investments across verticals.
The IT industry boom in the early 2000s in Bangalore rippled its growth effect to many linked industries like retail, real estate, hospitality and entertainment (hotels, resorts, malls & multiplexes) industries, economic services (hospitals, schools) and information technology (IT) enabled services (like BPOs) etc. Thereby increasing the demand for office & institutional furniture many fold. Rising disposable income also factored the demand for home furniture. Thus South India and in particular Bangalore became a furniture manufacturing cluster where many companies setup manufacturing units and thereby opened a plethora of opportunities for international companies to set up woodworking machinery manufacturing units in Bangalore not only to meet India’s requirement but also for re-export to other countries.
Welcome to Bangalore!