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Emerging Technology Hubs of India

The report, in partnership with Deloitte, highlights the rise of tier-2 cities in India as dynamic tech hubs, reshaping the future of work and innovation. It is a comprehensive guide for enterprises to make informed decisions about establishing and operating technology centers in emerging cities. The report presents profiles of 26 Indian emerging technology hubs, Analysis of 5 essential pillars for establishing technology hubs in India, models and factors for successful location strategy and case studies of companies with successful location strategies.

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Key Findings

Decentralised work is here to stay-hybrid workforce to companies expanding to locations outside metro cities
  • Despite a sectoral CAGR of ~9 percent in the past four years, the majority of the 5.4 million people employed in the technology industry in India have clustered around seven major cities.
  • About 30 percent of India residing in non-metro cities relocates to tier 1 cities for employment after graduation.
Tier-2 cities continue to grow, however the nature of growth is different
  • Emerging cities are leveraging their core competencies to become a destination for a different type of service or industry, and thus building their own unique brand
  • Example Mysuru - a cybersecurity hub, Ahmedabad -BFSI and FinTech capabilities
Emerging hubs of competence incentivising companies to pursue a multi-tier location strategy
  • Development of physical infrastructure, skill diversity, start-up presence, government initiatives, risk and regulatory environment and high social, living standards have ensured tier 2 cities standards are comparable with tier 1 cities
Availability of abundant and varied talent pool is the strongest pillar for many of the tier-2 cities
  • Non-metro cities produce 60 percent of India’s overall graduates from their engineering, arts, and science colleges, giving companies a significant competitive advantage for their multi-tiered location strategy

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