Bengaluru has ranked second within the top-tech hub record throughout Asia-Pacific, in line with a report by Cushman and Wakefield. The IT metropolis, adopted by Chennai, Hyderabad, and Delhi, scored on expertise and demand for high quality workplace areas from home and multinational firms.
Anshul Jain, MD, India & South-East Asia, Cushman and Wakefield mentioned, “The IT and tech-driven sectors stay the important thing driving pressure for the Indian financial system. The sturdy market fundamentals coupled with key coverage modifications haven’t solely made India a beneficial funding hub for world IT gamers but additionally made it essentially the most sought-after vacation spot to seek out world tech abilities and set footprints for additional enlargement.”
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Globally, round 46 high tech markets had been recognized from amongst 115 tech cities, with six of the 14 cities within the APAC area being in India. The report states that the nation has added greater than 500,000 jobs in IT over the previous monetary 12 months.
The report noticed the town’s tech sector accounting for a mean 38%-40% share in annual leasing, greater than the nationwide common of 35%. Consultants consider that development in tech leasing is predicted to proceed within the coming years.
Dwelling to Microsoft and Fb, Hyderabad has over 44 million sqft of workplace tasks below building. In the meantime Chennai earned itself the second-largest software program exporter tag, being one of many largest information centre markets in India.
