A recent Businessworld (subscription required) carried a cover story on Bangalore. It also throws up an interesting statistic. In the last one year, 210 new companies opened shop in the NCR (Delhi, Gurgaon, Noida). The total of Bombay and Pune is about 248. Bangalore does have 195 companies that opened shop here, but the trend is here to see. Companies prefer to go where there is infrastructure (Bombay-Navi Mumbai-Pune and Delhi-Gurgaon-Noida) rather than go to one with a creaky infrastructure.
Going by the looks of it, notwithstanding Friedman going ga-ga, the demise of Bangalore appears imminent. Heres why:
- Real estate prices are going up.
- Bangalore is expensive for both companies and residents.
- Politicians dont care for it, unlike NCR, Chennai and Mumbai.
- The latest rant in a city starved of public transport amidst potholed narrow roads, stalled flyovers, power breakdowns is a self styled "opposition party"" son of the soil" politician's opposition to the Bangalore Metro rail.
- Chinese cities are attracting investments with sparkling infrastructure.
1 comment:
I also read this article. Instead of just mentioning the number of companies that have started operations in the various cities it would have been better if they had given the quantum of investment so that we can ascertain whether big ticket investments are going to other cities.
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