India as a Global Talent Hub For Tech Companies

India has established itself as a significant talent hub for tech companies globally, providing a rich pool of skilled professionals for creating successful software products. The emergence of private tech-consulting firms, coupled with the government's support has created a mutually beneficial synergy that reinforces India’s position as a major player in the IT sector.

According to the India Brand Equity Foundation (IBEF), the IT industry accounted for 7.4% of India's GDP in the fiscal year 2022 (FY2022) and is expected to contribute up to 10% by 2025. Quoting other sources, NASSCOM found that FY2022 represented the highest-ever growth in revenue for India's technology industry. At 15.5%, that rounds up to more than 227 billion USD.

A Land of Thriving Culture and Tight-Knit Work Relationships

The vast and beautiful subcontinent is a melting pot of cultural richness, with each region offering a distinct and unique culinary and sight-seeing experience, that reflects its diverse population’s cultural and spiritual backgrounds.

India’s multi-faceted cultural diversity has given rise to a unique business culture characterized by strong interpersonal bonds and a loyal work ethic. As Global Business Culture puts it, "India is a relationship market... relationships are veritable pillars of business transactions and are highly based on trust and continual cultivation."

Tech Infrastructure in India

The Association for Asian Studies compares some locations in India to Silicon Valley. The largest tech hubs include the cities of Bangalore, Hyderabad, Chennai, and Thiruvananthapuram's Technopark.

Here are some more details of India's tech infrastructure compiled by the association:

Bangalore

Three main tech clusters: Software Technology Parks of India (STPI), International Tech Park, Bangalore (ITPB), and Electronic City
Home to Research & Development (R&D) centers for Google, Microsoft, and Oracle
American subsidiaries include Rockstar Games and IBM

Hyderabad

Largest biotechnology hub in India

Often nicknamed Cyberabad (Cyber City)
1,300+ foreign IT firms operate in the city, including Microsoft, Apple, Amazon, Google, IBM, and Facebook

Chennai

India's largest exporter of business processing outsourcing (BPO) services
Major tech companies include Samsung, Nokia Siemens, Motorola, Lenovo and Dell

Responsible for 45% of total exports as of 2020, making it the largest electronics hardware exporter in the country

Thiruvananthapuram's Technopark

Largest IT Park in terms of developed area
Owned and administered by the State Government of Kerala
Projects include embedded software development, smart card technology, enterprise resource planning (ERP), process control software design, engineering and computer-aided design software development, IT Enabled Services (ITES), process re-engineering, animation, and e-business

Pune

Encora's Largest Work Community Is in India

Encora has grown its tech teams in India to more than 4,000 people in eight offices: Bangalore, Chennai, Pune (2 locations), Ahmedabad, Hyderabad, Hubli, and Bhopal.

Encorians in India receive the following benefits upon joining us:

Group term life insurance

Financial awareness programs
A referrals program with bonus incentives
Competitive benefits and compensation packages
Ongoing technical training and certification programs
Group medical insurance and top-up insurance coverage

Relocation reimbursements for employees moving interstate
Opportunities to participate in charitable and volunteer events
Health and wellness programs for better physical and mental health
Various types of paid time off include medical, recreational, paternity, and extended maternity leave
Rewards & recognitions programs based on quarterly performance and years of service

Flexible schedules and work models that enable greater work-life balance (work from home and hybrid work)
Meaningful work in product development with international companies with new and complex technologies