Question

What are the similarities between the information technology industry in Bengaluru and California?

Answer 1

Hint: The industry refers to economic activities related to the manufacture of commodities, resource extraction or the supply of services. Industrial activity is split into three sectors: primary, secondary and tertiary. Industries are classified on the basis of raw material, size and property.

Complete answer:
- Industries that are owned and operated by individuals or a group of people are known as Private sector industries such as Indian Oil Corporation etc.
- Industries that are owned and operated by the government are known as Public sector industries such as Steel Authority of India Limited etc.

The Indian Information Technology sector has two main components: IT services and Business Process Outsourcing (BPO).
i) The Information Technology (IT) industry comprises enterprises producing software, hardware or semiconductor equipment or providing internet and associated services.
ii) Business process outsourcing (BPO) is a business practice in which an organization contracts with an external service provider to perform an essential business task.

The similarities between the Bengaluru and California information technology industries are:
1. The presence of quality education institutions and state-of-the-art scientific and technical centres.
2. Clean and pleasant climate.
3. Good quality and qualified workforce attendance.
4. Market access.
5. Electricity and transport infrastructures that are well-developed and well linked.

Bengaluru (Bangalore) is popularly recognised as the "Silicon Valley of India," due to its role as the nation's biggest exporter of IT. The city is headquartered by Indian technical organisations. Silicon Valley, a global powerhouse of high technology and innovation, lies in the southern section in Northern California's San Francisco Bay Areas.

Note: The development and expansion of this site is due to the establishment of an industry. Easy access to the raw material and land, appropriate water and labour supplies, access to electricity and transport, the presence of markets and a decent quantity of capital determine the placement of enterprises. At times, the government also gives incentives such as subsidised power and decreased transit costs. This aims to promote the establishment of industries in economically underdeveloped areas.