Bengaluru accounts for 39% of the GCC market share in India, according to a recent government report. This includes various sectors including retail, banking, manufacturing, healthcare, and life sciences. Some of the world’s largest firms including Walmart, Goldman Sachs, JP Morgan, Merck, and Siemens, have massive global capability centers in the city, employing over 550,000 people.
The city also has R&D centers of major companies such as Samsung and IBM, making it a critical location.
Any government decision affecting the operations of the private sector could potentially stir uncertainty and raise concerns for these companies. This could even lead to questions about the need to relocate to other cities that offer better support.
