Why GCCs Love Manyata Tech Park?
Bengaluru is often referred to as the ‘Silicon Valley of India’ and boasts a thriving ecosystem of tech parks. With its pleasant climate, a massive pool of skilled talent, and modern infrastructure, the city has become a magnet for innovation. It is no surprise that Bengaluru is home to over 30 IT parks – each playing a pivotal role in shaping India’s tech landscape. Among these, flagship asset of Embassy REIT called as Embassy Manyata Business Park (EMBP) stands out as the most sought-after destination for global capability centres (GCCs). But what makes it so special? Why Manyata Business Park Stands Out EMBP stands out as one of the largest business parks in the nation and is the first privately owned Special Economic Zone (SEZ) in the city. The park’s campus spans 121 acres and has about 11 million square feet of Grade A office space as mentioned by Yashasvi Rathore, manager of legal services at Inductus. The campus houses over 50 multinational companies, including IBM, Target, Philips, Fidelity, and Nokia, and supports a daily workforce of over 1.50 lakh employees. Its strategic location – just 25 km from Kempegowda International Airport – makes it an ideal choice for global operations. The rise of EMBP reflects the culmination of decades of evolution within Bengaluru’s IT ecosystem. Over the last 20 years, the city has matured into a global technology powerhouse with over 400 R&D centres, over 12,000 startups, and a tech talent pool exceeding 1.5 million professionals. As GCCs tend to cluster around major tech hubs, EMBP offers the perfect environment for innovation, collaboration, and growth. “GCCs here aren’t just delivery centres; they lead in cutting-edge R&D, artificial intelligence (AI), fintech innovation, and digital transformation,” said Rathore. For instance, Illumina’s centre focuses on genomics research, while Target’s hub drives innovation in retail technology. These are mere glimpses of the groundbreaking work being done in EMBP. A Perfect Mix of Talent, Infrastructure, and Policy EMBP offers world-class infrastructure, including LEED-certified buildings, on-site residential apartments, five-star hotels, and wellness facilities. On the policy front, Karnataka has been instrumental in fostering GCC growth. Initiatives like the Karnataka Digital Economy Mission (KDEM) and the IT Policy 2020-2025 provide support through grants, R&D funding, skill development programs, and incentives for sustainable operations. These efforts ensure that global companies can scale efficiently without compromising on quality. Other Tech Parks in Competition According to The NoBroker Times, Bagmane Tech Park spans 42 acres and hosts several well-known companies, including Oracle, Texas Instruments, Nike, and Dell. Embassy TechVillage, a massive 80-acre development in Bengaluru’s IT corridor along Sarjapur-Marathahalli Outer Ring Road, is home to over 40 corporate tenants. Some of the big names in the campus include CSG, Cisco, Eli Lilly, and Flipkart. The campus isn’t just about offices – it also features commercial spaces, retail outlets, and hospitality options. Meanwhile, RMZ Ecospace, spread across 25 acres, is home to offices of several renowned companies, including Broadcom, RMZ Corp, Microland, and Capgemini. This 12-year-old eco-friendly business park is located in the city’s new central business district along the Outer Ring Road. Strategically positioned at the junction of Sarjapur and Marathahalli roads, Ecospace offers a prime location for businesses in the city’s growing tech corridor. According to a Reddit user, in the last 10 years, Mahadevapura saw development and Sarjapur Road, which was previously deserted, is now flourishing. “While I don’t see any increase in IT companies in North Bengaluru, real estate prices have definitely increased. In fact, Microsoft recently moved its offices from EMBP in North Bengaluru to Lavelle Road and Sarjapur Road.” The user added that with major developers like Prestige and Brigade actively promoting Sarjapur as the next big tech hub, it’s unlikely that new tech parks will emerge in North Bengaluru anytime soon. The region still lacks strong momentum for IT expansion. While the upcoming Aerospace Park and other projects might attract companies from different sectors, software firms are unlikely to shift there at least in the next 10-15 years. Meanwhile, Sarjapur is expected to witness significant growth and development in the tech space. Bengaluru Airport City Limited (BACL), a subsidiary of Bengaluru International Airport Limited (BIAL), has started building a 2 million square feet business park. This project, announced by BIAL, is part of Karnataka’s new Global Capability Centres (GCC) Policy for 2024-2029. The aim is to establish Bengaluru as a global hub for GCCs, creating 3.5 lakh jobs and contributing $50 billion to the state’s economy, according to PTI. The Evolution of Bengaluru’s IT Landscape Bengaluru’s journey as a tech hub began in the 1990s with the liberalisation of the Indian economy. Established in 1994, the International Tech Park Bangalore (ITPB) was the city’s first IT park, which set the stage for the rapid growth that followed. Tech parks like Electronic City, Bagmane Tech Park, and EMBP soon joined the fold and attracted global giants like Infosys, Wipro, and TCS. As the industry grew, newer tech parks emerged along the Outer Ring Road and in North Bengaluru, offering better connectivity and sophisticated infrastructure. Today, the city hosts 38% of India’s over 1,800 GCCs, with EMBP shining as a leader.
The campus houses over 50 multinational companies, including IBM, Target, Philips, Fidelity, and Nokia, and supports a daily workforce of over 1.50 lakh employees.
The campus houses over 50 multinational companies, including IBM, Target, Philips, Fidelity, and Nokia, and supports a daily workforce of over 1.50 lakh employees.
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Shalini is a senior tech journalist, exploring the latest advancements in AI. When she's not reporting on the latest innovations, you can find her immersed in her next literary adventure.