Bhubaneswar is one of the nation’s emerging tech centres

Bhubaneswar, the capital of Odisha, is one of 26 newly developing Tier-II technology centres in the nation and has the potential to become a centre of technical development and innovation.
Cities from 15 states have the potential to become the “next wave of technology hubs,” according to a research recently released by the trade association Nasscom and the international tech consulting firm Deloitte. Five fundamental pillars have been used to examine the cities in order to develop technology clusters wherever. Along with the social and living environment, the pillars include talent, infrastructure, the start-up ecosystem, risk, and regulatory environments.

Bhubaneswar has recently been successful in drawing a variety of businesses due to its sizeable and talented workforce. It has been known as both a place to find top talent and a source of a sizable number of highly skilled workers. Adult literacy in the city, which has a population of about 1.22 million (12 lakh), is 93.15 percent. Top achievers in the start-up list include Bhubaneswar, where the unemployment rate is the lowest and a skilled talent pool is readily available. Despite having over 200 technology and BPM-related enterprises, the city is competitive in the innovation index because to the existence of over 20 incubators.

According to the report “Emerging Technology Hubs of India,” residents in tier II cities, which have a sizable untapped talent pool, have a lot of new options as work becomes more decentralised. The talents in the rising cities can support and complement their peers who are located in the mature hubs if they have the necessary skills and knowledge. The change has already started, as more IT companies are beginning to seek outside of the established centres, it said. Despite being a quiet participant in the tech world, Bhubaneswar is eventually expected to experience rapid growth thanks to its service sector, which includes the tech industry and employs roughly 96% of the city’s workforce.Manoj Mishra, principal secretary of the electronics and IT department, claimed that the developing tier-II city is the new tier I for the IT ecosystem because of its burgeoning start-ups, diverse capabilities, and quick infrastructural growth. “The cost-to-value ratio is one of the city’s major benefits. It will be one of the primary centres of economic growth and development with assistance and resources, he said.

 

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