Bangalore has a viable and strong economy, including major industries such as earthmoving, light, textile and hi-tech.
Although there are several other public sector companies and textile sectors that are driving the city’s economy, the main focus has now shifted to the first-tier industries. Also, the city has produced a good number of jobs in Bangalore and as a result, people from different fields are choosing the city to launch their careers. If you are also looking for a job in Bangalore, this professional guide will make your search easier. In the following paragraphs, different thriving sectors of the city have been explicitly covered.
Information technology (IT) sector
Known as ‘Silicon Valley of India’, Bangalore is globally known for its vast IT cluster, where more than 40% of India’s businesses are located. It means that information technology is the main employment generating sector in the city, producing more than 2 lakh jobs. The city’s IT sector can be broadly classified under the following headings:
1 = Electronics City: Located on the southern outskirts of Bangalore, Electronics City is spread over 330 acres. Established in 1978, 3M, Hewlett Packard and Siemens are the main customers of the cluster.
2= Whitefield – This cluster houses the International Technology Park and was formed in 1994. The Export Promotion Industrial Park (EPIP) located in the cluster provides campus facilities to major IT companies such as Oracle, Dell, Unisys, Huawei, Perot Systems and Delphi. Flowserve, a subsidiary of Flowserve Corp (NYSE: FLS), also decided to establish a manufacturing facility and R&D center in the EPIP area.
There are several other IT parks in the city where top-tier multinational companies are located. Below is the list of some of the major IT companies located in the city.
1= Accent
2=Yahoo
3 = intelligence
4= Deloitte
5 = Lenovo
6= Cadence
7=Capgemini
8=Microsoft
9=IBM
10 = Knowledgeable
11 = Samsung
12 = Oracle Corporation
Biotech industry in Bangalore
In recent years, the biotech sector in the city has witnessed unparalleled growth. About 95% of the approximately 240 biotech companies in the country are located in the city. In addition, the government is taking all initiatives to strengthen biotechnology policy. Advanta India and Biocon are two major biotech companies located in the city.
Aerospace and aeronautical sector
Known as the aviation capital of India, Bangalore owns over 65% of the country’s aerospace business. There are several leading aerospace companies that have established their research and development centers in the city, including Boeing, Airbus, Goodrich, Dynamatics, Honeywell, GE Aviation, and UTL. Headquartered in Bangalore, Hindustan Aeronautics Limited (HAL) also conducts various research and development activities. Backed by the knowledge and experience of more than 10,000 employees, HAL is one of the leading public sectors in the city. Likewise, the National Aerospace Laboratories (NAL) will also have their headquarters in the city.
manufacturing sector
There are several other heavy industries that have established their business centers in the city. It includes heavy industries such as Bharat Electronics Limited, Bharat Heavy Electricals Limited (BHEL), Indian Telephone Industries (ITI), Bharat Earth Movers Limited (BEML), HMT (formerly Hindustan Machine Tools), Hindustan Motors (HM), and ABB Group. These companies are generating a good number of job offers in Bangalore and as a result, the city has become a preferred destination for the automotive industry.
How much can you expect to earn?
Bangalore is home to several multinational companies that offer exciting salary packages and great career progression. To get a fair idea of the salary structure, let’s go over some of the common job profiles. If you are a software engineer, you can expect to earn Rs 438,741 per year. Similarly, as a mechanical engineer, you are entitled to earn an average salary of Rs 397,921 per year.
