New Delhi, Aug 29 (IANS) India’s technology landscape is undergoing a massive transformation and 26 promising cities have the potential to become hubs of innovation and growth, said a report on Tuesday.
This trend has been fueled by a highly skilled workforce in cutting-edge digital technologies, with around 8 lakh individuals in these emerging hubs specializing in the latest technological domains.
According to a Deloitte India and Nasscom report, these emerging cities are witnessing a rise in the digitally skilled workforce, with over 100,000 professionals contributing to their growth.
Focusing on 26 cities with high potential, the report examined five broad pillars: talent, infrastructure, risk and regulatory environment, start-up ecosystem, and social and living environment, which are key to establishing a flourishing tech landscape. are important for
Around 39 per cent of the country’s startups are located in emerging cities.
“While in the past the focus was on large cities, the post-pandemic era saw a remarkable decentralization of work across the country. Today, about 60 per cent of the total graduates come from smaller towns and 30 per cent of the total graduates migrate to tier-1 cities in search of employment,” said Sumeet Salwan, Partner, Deloitte India.
With 60 per cent of India’s graduates in engineering, arts and science, small towns are emerging as a source of possibilities. The report found that in emerging cities, businesses enjoy a 25-30 per cent cost advantage in talent pool costs and 50 per cent lower real estate rentals compared to mature centres.
More than 140 Global Competence Centers (GCCs) have found a home in these locations, highlighting the growing interest of global enterprises in these promising emerging centres.
In addition to cost advantages, tier-2 cities have become breeding grounds for innovation, nurturing mutually beneficial relationships between start-ups and established corporations.
The report states that in the last decade, this dynamic ecosystem has revolutionized the sector, creating around 900,000 direct and 300,000 indirect jobs.
Sukanya Roy, GCC and BPM Head, NASSCOM, said, “As companies around the world are actively considering ways of working with an eye on optimizing outcomes, costs and talent, the opportunity to develop alternative technology centers And the possibility has now become extremely important.”
Roy said India is expected to have a skilled talent surplus by 2030 and these centers offer companies a compelling mix of benefits: access to a fresh, skilled talent pool, cost-effective operations and robust infrastructure.
–IANS
NA/VD
Source: bhaskarlive.in
