IBM Sets Up Innovation Centre In Mysuru
"Beyond Bengaluru." It is a phrase that has been echoing from all quarters. Be it IT, Government, Real Estate, or just the common man, everybody's curiosity and interest has been kindled. The two simple words mean a world of change. And, as with any change, they will bring their own share of good.
What is Beyond Bengaluru?
Beyond Bengaluru is an initiative sponsored by the Karnataka State Government to help accelerate and position an alternative destination for technology and innovation. KDEM (Karnataka Digital Economy Mission) was launched by the State Government of Karnataka in 2020 with an objective to build the innovation and technology ecosystem beyond Bangalore and contribute 30 per cent to the State's GDP by 2025.
Mysuru has emerged as one of the preferred destinations for businesses across several industry verticals. KDEM Mysuru cluster was brought together with key milestones of the project being the creation of 10 lakh direct and indirect jobs through startups and IT/ITES services.
IBM's Client Innovation Centre
If you have been following the news recently, you might have come across a news snippet about IBM's new Client Innovation Centre in Mysuru. IBM opened a Client Innovation Centre (CIC) in Mysuru on November 8th, 2021. This was in response to the ‘Spoke-Shore Strategy’ floated by Karnataka Digital Economy Mission (KDEM), a special entity to take businesses ‘Beyond Bengaluru.’ As an entrepreneurial startup within IBM Consulting, the CIC will specialize in design, software engineering and analytics while supporting clients in their business transformation journey. The IBM CIC is expected to play a key role in the digital transformation of the IT ecosystem throughout Mysuru and create new employment opportunities to foster the next wave of technology innovation.
The IBM CIC is reportedly looking to hire over 10,000 staff this quarter globally.
Given that 30% of India’s GDP is driven by the digital economy, KDEM’s Spoke-Shore would converge on setting aspirational goals for GCCs and creating employment opportunities for 10,00,000 (direct and indirect) candidates by 2026. The Karnataka Government’s ‘Beyond Bengaluru’ initiative is expected to attract and host 5,000 IT companies and startups by 2026 in the Mysuru, Hubbali and Mangaluru clusters.
What does it mean to Mysuru?
The huge influx of resources, infrastructure and industries will boost the economy of Mysuru. The city will experience rapid growth and development. With increased opportunities and better infrastructure, Mysuru is bound to attract even more investors and stakeholders. Mysuru is now on the rapid tracks of expansion and progress.
Invest in Progress
Mysuru has a lot going for it - the Heritage City tag, many historical monuments, wide tree-lined avenues, close proximity to world-renowned tourist destinations, super friendly people, clean and green environment and a generally relaxed atmosphere. The charm of Mysuru is ever-alluring. With the inflow of investments and the subsequent growth, the city will expand and more amenities and facilities will spring up. The Real estate sector will expand tremendously. The prices of real estate in Mysore, which are already on the higher side, will increase in value by many many folds.
The best time to invest is NOW & the best place to invest is Mysuru.
How to invest in Mysuru?
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