For long Tier 1 cities such as
Mumbai, Delhi, Kolkata and Chennai have been commanding and attracting
investments with offices, plants from corporate companies in India and MNCs globally.
Over the period these cities saw rapid urbanization and the surrounding cities,
villages also saw people migrating to in search of livelihood.
Tier1 and Tier2 cities are facing pressures on availability of lucrative real estate space, even if they find one the cost is exorbitant. Also bigger cities see employee attrition and face challenges of employee retention.
Some companies have tinkered idea of moving specific generic services to tier-3 cities like Hubli. Infosys has bought 43 acres of land on Gokul Road with a seating capacity of 3000 people. Many other companies may follow suit studying the case of Infosys.
Hubli is North Karnataka’s major trading hub, but on the Information Technology Services front the city has not attracted major investment. There are startups, small and medium enterprises but not a major investment by big corporates.
Outsourcing a chunk of IT and software project work to a location like Hubli has benefited many clients. Mr. Santosh AK, Founder of IT company Eptive mentions “Hubli-Dharwad has major engineering colleges such as BVB and SDM Engg. colleges which have incubation centers and support IT startup initiatives, the engineers coming out of these colleges go to Bangalore, Pune in search of Jobs, but if opportunities are provided they would be happy to work”. Hubli has advantage of geography connect, talent pool and good infrastructure required for IT companies.
Hubli’s real estate cost is negligible compared to Bangalore; office spaces are available at affordable cost. Hubli companies execute IT projects for enterprises in North Karnataka, Goa and South Maharashtra. Hubli has many IT companies serving into technologies like Web development, Mobile App Development, Digital Marketing, IoT, Artificial Intelligence and supply chain, ERP to mention few. Hubli Software development companies attract seed, angel and venture capital funds for product development and IT/ ITES, BPO Services, KPO services etc. Getting an IT project outsourced to a Hubli based IT and Software Company ensures the best ROI for quality project execution, data entry projects, BPO projects, e-governance projects.
Another area of development which is getting investments into Hubli is FinTech, with few companies providing fintech solutions many microfinance, digital payment integrator are getting their project executed in places like Hubli. With advantage of labor cost, real estate and operational cost software companies in Hubli can give win-win opportunities to startups, enterprises to get their IT related projects executed, implemented and supported to their cost and operational efficiency.