Bangalore: The "Silicon Valley of India"

Posted by Atul Keshap
July 26, 2010
Electric Cars Line Up Near India Gate Monument

About the Author: Atul Keshap serves as Acting Deputy Assistant Secretary of State for South and Central Asian Affairs.

South of Mumbai in the State of Karnataka, the city of Bangalore sits at the center of Southern India. Over the past 20 years, Bangalore has become a well-known center for Indian enterprise as it is sometimes referred to as the “Silicon Valley of India.” As one of the fastest growing cities in India, it serves as a central nucleus for India's IT and other major industries.

Following my visits to IBM and Wipro, it's clear that Bangalore is the hub of India's private enterprise and now, along with Hyderabad, even a hub of American enterprise as well. India's enormous economic growth and consumer market make it a natural partner with U.S. commerce. As our countries continue to move forward, there will be great potential for both of our economies to complement one another.

Continuing with our program tour, my U.S. Consulate General Chennai and U.S. Embassy New Delhi colleagues and I had the opportunity to meet in Bangalore with the team behind Mahindra Reva electric cars. Reva is one of the world leaders in electric cars, having produced three thousand of them since 2001. Reva hopes electric cars will induce consumers worldwide to reduce their use of hydrocarbons during routine in-city commuting, thereby reducing emissions and using energy more efficiently. Reva is focused on expansion, including a possible manufacturing unit that could create jobs in the United States. They also have American engineers on their team, symbolizing the convergence of our knowledge-intensive economies in tackling energy and climate change challenges.

I am inspired by the potential that commercial cooperation between the United States and India has for the mutual benefit of both of our economies in terms of job creation and new product development -- and it's just a start. In touring the facilities and in speaking with Indian executives and workers here, it is clear we have so much to gain from each other and we are clearly moving forward together!

Related Content: U.S. and India: Applying Research and Innovation To Solve Human Challenges

Comments

Comments

Pamela G.
|
West Virginia, USA
July 26, 2010

Pamela G. in West Virginia writes:

So glad we are helping Indas silicon valley but what about help for the US silicon valley. We need help desparately.

Kiran
|
New York, USA
July 26, 2010

Kiran in New York writes:

to the previous commenter (Pamela G. in West Virginia),

help can be provided to US Silicon Valley, if the USA government can address the legal immigrants backlog problem for permanent residency in this country which is around 300,000 people who have paid their taxes and been a good samaritan in this country & have got masters in USA etc. These are highly skilled people who have been held hostage for a comprehensive solution to immigration where the majority of 12 million are undocumented.

If USA congress resolves the backlog of 300,000 legal immigrants who have been waiting for permanent residency we can unearth at least 3 to 4 google kind of corporations. Note, these are people who never violated any law and are now frustrated waiting for a solution.

The easier way for these immigrants are leave USA and take their entreprenurial mindset to countries like India and China.

Resolve the green card backlog(which is sometimes for 10-15 years) for highly-skilled immigrants who have done their education and research in USA by allowing them to stay here and giving them permanent residency via a piecemeal bill than holding them hostage via CIR which is for undocumented.

USA will get all the help in its own Silicon Valley by doing this or else jobs and talented people will be outsourced to other countries with USA losing its edge slowly...

Anna
|
District Of Columbia, USA
July 26, 2010

Anna in Washington, DC writes:

@ Pamela G. in West Virginia --

I couldn't agree with you more. I'm glad we are working with other countries, and I do believe that helping to build other economies is in our national interest. But we have a lot of work to do here in America.

Just today I read a Yahoo Financial article detailing 22 statistics that show America's middle class is being "systematically wiped out of existence." Here they are:

• 83 percent of all U.S. stocks are in the hands of 1 percent of the people.

• 61 percent of Americans "always or usually" live paycheck to paycheck, which was up from 49 percent in 2008 and 43 percent in 2007.

• 66 percent of the income growth between 2001 and 2007 went to the top 1% of all Americans.

• 36 percent of Americans say that they don't contribute anything to retirement savings.

• A staggering 43 percent of Americans have less than $10,000 saved up for retirement.

• 24 percent of American workers say that they have postponed their planned retirement age in the past year.

• Over 1.4 million Americans filed for personal bankruptcy in 2009, which represented a 32 percent increase over 2008.

• Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975.

• For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

• In 1950, the ratio of the average executive's paycheck to the average worker's paycheck was about 30 to 1. Since the year 2000, that ratio has exploded to between 300 to 500 to one.

• As of 2007, the bottom 80 percent of American households held about 7% of the liquid financial assets.

• The bottom 50 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

• Average Wall Street bonuses for 2009 were up 17 percent when compared with 2008.

• In the United States, the average federal worker now earns 60% more than the average worker in the private sector.

• The top 1 percent of U.S. households own nearly twice as much of America's corporate wealth as they did just 15 years ago.

• In America today, the average time needed to find a job has risen to a record 35.2 weeks.

• More than 40 percent of Americans who actually are employed are now working in service jobs, which are often very low paying.

• or the first time in U.S. history, more than 40 million Americans are on food stamps, and the U.S. Department of Agriculture projects that number will go up to 43 million Americans in 2011.

• This is what American workers now must compete against: in China a garment worker makes approximately 86 cents an hour and in Cambodia a garment worker makes approximately 22 cents an hour.

• Approximately 21 percent of all children in the United States are living below the poverty line in 2010 - the highest rate in 20 years.

• Despite the financial crisis, the number of millionaires in the United States rose a whopping 16 percent to 7.8 million in 2009.

• The top 10 percent of Americans now earn around 50 percent of our national income.

finance.yahoo.com/tech-ticker/the-u.s.-middle-class-is-being-wiped-out-here's-the-stats-to-prove-it-520657.html

palgye
|
South Korea
July 27, 2010

Palgye in South Korea writes:

Dear to,

"www.fifa.com/u20womensworldcup/news/newsid=1277606.html#korea+republic+e..."

Thank You Very Much.

P.S
Religion in more dire need to overcome feelings seem to be.

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