Records, Bengaluru (Bangalore) – Page 2

Bengaluru emerges as top market for GCCs, holds highest share in IT/ITeS

2024 marked a rebound in demand, attributed to global companies aiming to reduce costs while accessing India’s wide talent pool.

Bengaluru has emerged as the top market for Global Capability Centres (GCCs) occupying flexible office spaces, accounting for 41 per cent of GCC-focused flex seats across India’s major markets, according to Knight Frank India’s latest report.

Titled ‘GCC — Driving India’s Real Estate Growth Story’, the report shows that GCC flex space occupancy across eight cities rose from 17,380 seats in 2023 to 22,881 seats by September 2024, with Bengaluru’s large share underscoring its position as a tech and corporate hub.

The report also highlights a significant regional contrast in GCC flex space distribution — while Bengaluru holds 41 per cent of GCC occupancy in flex spaces, Kolkata claims just 1 per cent. This distribution suggests distinct regional preferences, with Bengaluru leading the way as the preferred market for flex space among GCCs.

Across India’s top six cities, GCCs occupy nearly 202.6 million sqft of Grade A office space, with Bengaluru and Hyderabad collectively accounting for three-fourths of this space. From 2018 through the second quarter of 2024, the IT/ITeS sector has consistently dominated the GCC landscape, followed by Banking, Financial Services and Insurance (BFSI) and consulting sectors. Specifically, Mumbai leads with the highest share of GCCs within the BFSI sector, while Bengaluru holds top position in the IT/ITeS sector.

The report points at several recommendations, including innovative financing strategies, exploring new micro markets, supportive government policies and flexible office space for enhancing GCC operations and growth in India.

source/content: newindianexpress.com (headline edited)

EIB Global announces 300 million euro loan for Bengaluru suburban railway network

EIB Global, the arm of the European Investment Bank (EIB) for financing activities outside the European Union (EU), on Friday, announced it would provide a 300 million euro loan to build a new suburban railway network covering four dedicated rail corridors in Bengaluru.

The network will stretch over a total of 149 km and include 58 stations and two depots.

At a meeting here, EIB Vice-President Nicola Beer and Karnataka Rail Infrastructure Development Company Ltd’s (KRIDE) Director of Finance Awadhesh Mehta, formally announced the loan towards Bengaluru suburban railway network will help cut pollution and carbon emissions and improve safety for women passengers.

“This funding complements the 500 million euros we allocated for the construction of the Bengaluru Metro R6 line, addressing Bengaluru’s mobility challenges by developing a clean, modern and efficient public transport system,” said Beer.

“The two projects we are financing in Bengaluru aim to create India’s most integrated rail network, providing seamless connectivity with all other modes of public transport in the city,” Beer said in a statement.

The earlier 500 million euro loan was given to build the 23 km Bengaluru Metro R6 line and purchase a fleet of about 96 metro cars. The EIB has so far financed metro projects in Agra, Bengaluru, Bhopal, Kanpur, Lucknow, and Pune, with a total of 3.25 billion euros committed since 2016 – making India the largest beneficiary of its transport financing outside Europe.

EU Ambassador to India and Bhutan, Herve Delphin, said it marks a major milestone in our collaboration as “we unlock new opportunities for growth, connectivity and positive social, economic and environmental impact, further strengthening the partnership between India and the EU”.

Once fully operational, the Bengaluru transport system will see a 43 per cent drop in CO2 emissions. The estimated daily ridership will be approximately 400,000 trips per day in 2029, the first year of full operation, and is expected to increase to about 1.4 million trips per day in 2040, largely aligned with the projected population growth.

source/content: daijiworld.com (headline edited)

INTERNATIONAL: KARNATKA: CYBER SECURITY: Cybersecurity Leader Arctic Wolf Opens First India Office in Bengaluru to Accelerate its Platform innovations

Arctic Wolf®, a leader in security operations, today announced the launch of its first Indian global capability centre (GCC) in Bengaluru, Karnataka. The new India office location will play a pivotal role in scaling and advancing the Arctic Wolf platform, along with its entire suite of security operations solutions.

With Bengaluru, also known as the Silicon Valley of India, emerging as a global hub for technology and cybersecurity expertise, the centre will be pivotal to driving innovation, product development, and enhancing the company’s security operations platform. This expansion positions the company to benefit from around-the-clock development capabilities and closer proximity to clients in the Asia-Pacific (APAC) region, setting the foundation for future growth in these markets.

“Our mission is to end cyber risk for organizations of all sizes, and the research and development work that will happen out of India will be a major enabler in furthering this goal,” said Dan Schiappa, chief product and services officer, Arctic Wolf. “By tapping into the highly skilled workforce in Bengaluru, we aim to further accelerate the development of advanced machine learning models and AI-driven cybersecurity detections within our platform, providing our customers with unparalleled protection against evolving cyber threats.”

The GCC plans to create numerous job opportunities, contributing to employment in India and attracting top-tier talent in India’s IT and cybersecurity sectors. Arctic Wolf plans to hire 150 employees by mid-2025, with recruitment focused on roles in core research and development areas including threat intelligence, and AI, while service delivery roles will continue to be staffed out of North America and Europe.

Speaking on the expansion, Jeff Green, senior vice president, research and development, Arctic Wolf: “The launch of Arctic Wolf’s first Global Capability Centre in Bengaluru is an exciting milestone for us. This centre will allow us to build a dedicated team focused on advancing cybersecurity innovations, while also fostering collaboration across our global operations. We’re committed to leveraging India’s strong technical expertise and pedigree of innovation to support core areas of our future product development. I am eager to see the unique perspectives and skillsets that our team here will bring to further elevate Arctic Wolf’s solutions and enhance our ability to protect organizations worldwide.”

With this expansion, Arctic Wolf’s global footprint continues to grow, now protecting over 6,000 customers across key industries, and employing more than 2,500 employees worldwide. Recognized as the fastest-growing security services vendor in the 2023 Gartner Worldwide Security Services Market Share Report, the company has also been named one of the fastest-growing technology companies by the Deloitte Technology Fast 500 for five consecutive years and is the only cybersecurity firm included in CNBC’s Disruptor 50 three times in a row. These achievements underscore Arctic Wolf’s commitment to innovation and its position as a leader in transforming security operations globally.

source/content: business-standard.com (headline edited) / press releases ANI

NATIONAL: KARNATAKA: INDIA’S FIRST / MANUFACTURING: India’s first indigenous bullet train set to roll by 2026. BEML has been contracted to design, manufacture, and commission by 2026

BEML has been contracted to design, manufacture, and commission India’s first indigenous bullet trains, each with eight cars. The trains will offer modern amenities as part of India’s high-speed rail initiative and are set to roll out by late 2026.

India is advancing its high-speed rail ambitions by developing indigenously built bullet trains. The first bullet train is expected to be manufactured in Bengaluru, featuring a design speed of 280 kilometers per hour (kmph) and an operational speed of 250 kmph. This train is slated for rollout by December 2026.

State-owned BEML has secured a contract worth Rs 866.87 crore to design, manufacture, and commission India’s first indigenously built bullet trains. BEML announced it will supply two high-speed trainsets, each comprising eight coaches, under an order placed by Indian Railways’ Integral Coach Factory (ICF).

BEML stated that each coach would cost Rs 27.86 crore, with the total contract value also covering design costs, one-time development expenses, non-recurring charges, and the costs of jigs, fixtures, tooling, and testing facilities.

KEY DEVELOPMENTS:

While Indian Railways initially considered Japanese technology for bullet trains on the Ahmedabad-Mumbai route, discussions remain inconclusive.

As a result, India may now deploy locally developed trains for this corridor. Notably, BEML’s cost per coach is significantly lower than the Rs 46 crore quoted by Japan for similar bullet train coaches.

BEML highlighted that the infrastructure from this project will be leveraged for future high-speed rail projects across India.

The project, a major milestone in India’s high-speed rail initiative, will deliver trainsets with a 280 km/h test speed.

In comparison, the Japanese Shinkansen E5 series, initially considered for the Mumbai-Ahmedabad line, can achieve speeds of 320 km/h.

The trains will be produced at BEML’s Bengaluru facility and are expected to be delivered by the end of 2026.

They will feature fully air-conditioned Chair Car configurations with modern amenities, including reclining and rotatable seats, accommodations for passengers with restricted mobility, and onboard infotainment systems.

source/content: indiatoday.in (headline edited)

KARNATAKA: INDIA’s FIRST /AIR MOBILITY TO AIRPORT: ‘City to airport in 5 minutes’: Bengaluru airport, Sarla Aviation partner for India’s first advanced air mobility solution through eVTOL

According to Sarla Aviation, a journey of 1.5 hours to Bengaluru airport from the city can be reduced to just ‘five minutes’ through an electric powered seven-seater aircraft – eVTOL.

Travelling to Bengaluru airport amid the chaotic traffic of the city is going to be a thing of the past. In a first-of-its-kind partnership, Bangalore International Airport Limited (BIAL) and Sarla Aviation, an aerospace component manufacturing company, recently signed a statement of collaboration to explore a sustainable and advanced air mobility option to travel from city to the airport.

With this partnership, according to Sarla Aviation, a journey of 1.5 hours to Bengaluru airport from the city can be reduced to just ‘five minutes’ through an electric powered seven-seater aircraft – eVTOL.

Sarla Aviation on Monday announced its partnership with BIAL to make Bengaluru India’s first eVTOL-friendly airport. eVTOL or electric Vertical Takeoff and Landing uses electric power to hover, take off and land vertically, similar to a helicopter.

eVTOLs are being developed as part of the broader push toward advanced air mobility (AAM), aiming to offer urban air transportation solutions such as air taxis, cargo deliveries or medical emergency services. eVTOLS are often seen as part of the future of urban mobility, with the potential to reduce traffic congestion and create more efficient transportation networks, particularly in cities.

According to the company’s website, the aircraft is capable of covering distances up to 160km, but it’s optimally designed for the typical 20-40 kilometre inner-city commutes. “In our launch cities – Mumbai, Bengaluru, and Delhi – passengers can expect to save up to 87% of their usual commute time, transforming the way you travel in the bustling urban landscape.”

It also states the with eVTOL the time taken from Electronic City to BLR Airport is set to reduce to under 20 minutes, compared to 152 minutes taken by road. “Equipped with four, double-isolated battery packs, our eVTOL powers seven electric motors. Sarla achieves speeds up to 250 km/h, transforming hour-long commutes into mere minutes. It is built to accommodate a pilot, and comfortable seating for 6 passengers, along with their luggage. It is also capable of performing back-to-back 40-kilometer trips with just 15 minutes of charging time in between,” the company has stated in its website.

The company in a statement said, “We are very excited to share that Sarla Aviation partners with Bangalore International Airport Ltd (BLR) to make Bengaluru India’s first eVTOL-friendly airport! We are thrilled to announce our partnership with Bangalore Airport Ltd as we join forces to bring the future of air mobility to India’s tech capital. Bengaluru International Airport is not only our home base and one of the largest airports in India and the world but also a forward-thinking hub where #sustainability is at the heart of everything. Together, we aim to make Bengaluru India’s first eVTOL-friendly airport, setting a new standard for sustainable aviation.”

Adrian Schmidt, CEO and one of the co-founders of Sarla Aviation, said, “I am proud to partner with Kempegowda International Airport, marking a significant step in addressing Bengaluru’s congestion challenges. Currently, a journey from Indiranagar to the airport can take 1.5 hours—very soon, we will reduce that to just 5 minutes with Sarla’s fully electric flying taxis. I am truly inspired by the leadership at Bengaluru Airport, whose vision challenges young companies like ours to push boundaries and redefine what’s possible.”

He said that the collaboration represents a transformative journey towards reshaping how passengers travel, providing faster, cleaner, and more efficient air mobility options.

Last week, Sarla Aviation also met Civil Aviation Minister Ram Mohan Naidu Kinjarapu and the Directorate General of Civil Aviation (DGCA) in Delhi to discuss India’s leadership in the Era of Urban Air Mobility, steps toward creating a Bharat-centric eVTOL policy and outlining the company’s steps to bring Advanced Air Mobility (AAM) to India and ensuring smooth regulatory pathways.

source/content: indianexpress.com (headline edited)

INTERNATIONAL: KARNATAKA: HISTORY : Know Your City | Exploring Bengaluru’s connections to World Wars

Two institutions deeply entrenched in Bengaluru’s history of the World Wars are the Madras Engineering Group and Bishop Cottons School.

While walking through the cities of Europe, one can still see the scars and memories of the World Wars, with the occasional bomb being discovered even today. On the other side of the world, Bengaluru was far from these earthshaking conflicts, but it nevertheless took part in them. And if you know where to look, the World Wars have left clues to the city’s participation in them, too.

One of the better known such remnants is the World War 1 Sappers Memorial at Brigade Road, in tribute to the 449 slain soldiers of the Madras Pioneers who fought in war theatres across the Indian frontier, the Middle East, and Africa. The other faces of the memorial recall the dead of other pioneer units, one of which, the 61st King George’s Own Pioneers, lost 235 men. They were also part of the “Bangalore Brigade,” which saw action in the defence of East Africa during World War I.

Another fixture of Bengaluru’s military history is the Madras Engineering Group itself. Long headquartered in the city, it has existed under various names since 1780. The unit saw action across the major theatres of World War I, from the Egyptian and Palestinian fronts to the battlefields of France. This era also saw the unit make a major military innovation. Just two years before World War I broke out in 1914, Captain R L McClintock, who was assigned to the unit at the time, developed the Bangalore Torpedo. While not a weapon in itself, the pipe-shaped explosive device proved useful in clearing out traps and barbed-wire barriers in front of attacking troops. Modernised versions of the device are still in use worldwide.

The Madras Engineering Group would go on to fight across the battlefields of World War II. The unit saw extensive action near the frontier at Imphal and into Burma, fighting in the vicious slog that was the Allied invasion of Italy as well as the African campaigns against German general Erwin Rommel, the famous Desert Fox. It brought back a souvenir from these battlefields—a Stuart M5A1 light tank that one can still see near the Ulsoor lake. While the small, fast vehicle seems to have been prone to high losses in combat and was heavily used in a reconnaissance role, a unit of these tanks would become instrumental in the Taiwanese victory over China in the 1949 battle of Kinmen Island.

Another city institution that is deeply entrenched in the history of the World Wars is Bishop Cottons School. While nearly 200 alumni signed up for the Great War, as World War I was initially known, over 300 would respond to the call when yet another World War broke out. Their history is extensively documented in Aditya Sondhi’s The Order of the Crest, which follows the history of the various alumni of the institute. One of these, Clive Armstrong Johnson, would die at just 18 years of age fighting in the Mesopotamian theatre of the war in 1916. As Sondhi records, the school magazine sent to him (The Cottonian) seems to have been a comfort in a time of turmoil. One of his teachers at the school, Lieutenant Cyril Wallace, wrote back regarding Clive’s bravery before his death. He did not long outlive his student. Sondhi records that 23 Cottonians died fighting in World War I.

World War II was no different. Among the most famous alumni of this era would be none other than General K S Thimayya, the third head of the independent Indian Army. Thimayya was one of the rare Indians to command larger units in the battle, commanding 8 Kumaon in the Burmese theatre and the 36th British Brigade during the later Allied occupation of Japan. Another alumnus, Lt Gen A C Ayappa, was a captain in the Malaya theatre, where he survived terrible conditions as a prisoner of war. He served as chairman of Bharat Electronics Limited after Independence.

source/content: indianexpress.com (headline edited)

INTERNATIONAL : NATIONAL: KARNATAKA: SPORTS : International equestrian event returns to India after 14 years with ‘The Asian Equestrian Federation Cup Youth (AEF Cup-CSIY-B) in Bengaluru, October 11-13

International-level equestrian events will return to India after a gap of 14 years on Friday with the Equestrian Federation of India (EFI) hosting an FEI-approved Asian-level Showjumping event for youth riders. The Asian Equestrian Federation Cup-Youth (AEF Cup-CSIY-B), will be held in Bengaluru from October 11-13.

To create more competitive opportunities for young Indian riders, the AEF Youth Cup will ensure world-class competition at home. The competition will see a total of 11 countries, including hosts India competing at Bengaluru’s Surge Stable, which has state-of-the-art facilities.

The format of the competition is of borrowed horses with an age limit of 16-21 years for the riders having a 115 cm maximum jump level.

India will have two participants – E. Suryaa Aaditya and Avik Bhatia, as they topped the selection trials held at Surge Stable in Bengaluru on Thursday, which was attended by 11 riders.

“The EFI is proud to have successfully brought this FEI-approved international tournament to India after a 14-year hiatus. Hosting such a prestigious and competitive event is not just a point of pride for us at EFI; it’s a tremendous opportunity for Indian riders to experience top-tier competition right at home,” said EFI Secretary General Col. Jaiveer Singh.

“This tournament allows us to showcase India as a promising destination for international equestrian events, enhancing our status in the emerging global equestrian market. Moreover, it provides local riders with the chance to excel in familiar conditions, further elevating the sport in our country,” he added.

The other 10 participating countries — Kuwait, Malaysia, Pakistan, Iran, Hong Kong, Thailand, Cambodia, Indonesia, Chinese Taipei, and Uzbekistan — will put up one rider each, the EFI informed in a release on Thursday.

Both Surya and Avik have risen through the EFI junior rank competitions. Surya was a silver medallist at the Junior National Equestrian Championship (JNEC) in both Dressage and Jumping events in 2022. He has also won a silver medal at the Grade III NEC event last year.

Avik was adjudged the best junior rider (2023) and the best young rider this year at the Delhi Horse Show. He is also a medal winner at the junior and senior Nationals.

source/content: ianlive.in (headline edited)

KARNATAKA: Bengaluru-based Flying Wedge Defence & Aerospave (FWDA) announces successful maiden flight of indigenous unmanned bomber aircraft

Bengaluru-headquartered Flying Wedge Defence and Aerospace (FWDA) on Tuesday announced the successful maiden flight of indigenous unmanned bomber aircraft, the FWD 200B.

Classified as a Medium Altitude (15,000 feet) Long Endurance (MALE) Unmanned Aerial Vehicle (UAV), the FWD 200B is equipped with optical payloads for surveillance and missile-like weapons for air strikes and bombing, the FWDA Founder and CEO Suhas Tejaskanda told reporters here.

“The aircraft’s aerodynamics design, airframe, propulsion systems, controls systems, electronics are all made in India at FWDA’s state-of-the-art manufacturing facility of 12,000 sq.ft built on 1.5 acre land, located at Electronic City, Bengaluru,” he said.

FWD 200B features a wingspan of five metres and a length of 3.5 metres. It has a maximum take-off weight of 102 kg and a payload capacity of 30 kg, the company said.

It can fly at a cruise speed of 152 kms per hour, with a maximum speed of 250 km per hour. Its runway requirement is just 300 metres allowing it to operate from shorter airstrips, Tejaskanda said.

“With an endurance of seven hours and a range of 800 km, the FWD 200B ensures extended mission capabilities, providing substantial coverage without the need for frequent refueling or landing,” he said.

PTI GMS RS RS

source/content: thebengalurulive.con (headline edited)

KARNATAKA: HEALTH & MEDICAL: Epione Bengaluru branch celebrates one year in Bengaluru, treating over 1,200 patients

This milestone underscores the centre’s commitment to innovative and compassionate pain management solutions.

Epione, a pain relief centre, successfully completed one year in Bengaluru, providing care and relief to over 1,200 patients. This milestone underscores the centre’s commitment to innovative and compassionate pain management solutions.

With over 20 years of experience, Epione has treated more than 50,000 patients across its centres in South India and is recognised for introducing plasma therapy (PRP) for pain relief in the country.

The Bengaluru branch has been pivotal in offering specialised therapies that help patients manage chronic pain and enhance their quality of life through advanced, non-invasive treatments.

Founder and Managing Director and Chief of Pain Medicine Dr Sudheer Dara said, “Our mission has always been to enhance the lives of people suffering from chronic pain. Our first year in Bengaluru has exceeded our expectations in terms of patient response and clinical success.

We are committed to expanding our services to reach more people in need.” Moreover, to meet the growing demand for services, Epione plans to open two additional branches in Bengaluru next year. Clinical Head Dr Vidya Bandaru, highlighted the centre’s progress over the past year and the commitment to expanding patient-centric care.

source/content: newindianexpress.com (headline edited)

NATIONAL: BUSINESS & ECONOMY: FIRST: Karnataka unveils India’s first-ever Global Capability Centre policy, aims for 500 new centres and 3.5 lakh jobs by 2029

The policy has also set an ambitious $50 billion economic output target for Karnataka from GCC operations by 2029.

The Karnataka Government Friday unveiled the draft of India’s first-ever Global Capability Centre (GCC) policy.

The policy outlines a vision to establish 500 new GCCs by 2029, contributing significantly to the state’s economy and creating 3.5 lakh jobs. The draft policy is now open for public comment and the government has invited inputs to refine and strengthen the policy.

A GCC is an offshore facility that provides services to a parent organisation, most often a multinational corporation.

Karnataka is home to over 30 per cent of India’s GCCs and accounts for 35 per cent of the country’s workforce in this sector.

GCC policy objectives

The policy has also set an ambitious target for the state to aim for an economic output of $50 billion from GCC operations by 2029. The new GCC policy also aims to create an investor-friendly environment to attract GCCs and facilitate their expansion in Karnataka; position Karnataka as a global leader in Artificial Intelligence (AI), promote research and development tailored for GCCs; foster a research and development-driven environment focused on deep-tech and emerging technologies and provide platforms for collaboration between GCCs and the local innovation ecosystem, helping to generate cutting-edge solutions. Moreover, the policy also encourages decentralised growth through the ‘Beyond Bengaluru’ initiative, spreading GCCs across various regions in the state.

Innovation and Infrastructure Focus

The policy places a heavy emphasis on creating Global Innovation Districts in Bengaluru and beyond. These districts will provide state-of-the-art infrastructure, fostering collaboration among startups, academic institutions, and businesses. The government has also proposed creating Centers of Excellence (CoEs) focused on emerging technologies like AI and machine learning. Karnataka already houses 21 such CoEs and aims to expand further through public-private partnerships.

Support for GCCs Beyond Bengaluru

Recognising the need for balanced regional development, the government’s ‘Beyond Bengaluru’ initiative promotes the growth of GCCs in cities like Mysuru, Hubballi-Dharwad, Tumakuru, and Shivamogga. Companies that set up operations in these areas will receive a special package of financial incentives, including rent reimbursements, internet cost subsidies, and property tax exemptions. The policy also supports the establishment of Nano GCCs, which require fewer employees, making it easier for companies to set up operations.

AI and Research Development

A Center of Excellence for AI will also be established in Bengaluru, focusing on the research and development of artificial intelligence. The policy also introduces an AI Skilling Council to develop AI-specific curricula, which will be implemented across the state’s educational institutions. The government has allocated Rs 100 crore to support joint research between GCCs and academic institutions, with a focus on solving real-world business and societal challenges.

Special Incentives for ER&D

Engineering Research and Development (ER&D) is a focus area within the policy. Karnataka is already contributing over $34 billion to India’s GCC market size. The government aims to foster innovation and encourage collaboration between industry and academia to accelerate product development in ER&D.

Talent Development

To strengthen Karnataka’s rich talent pool, the government will provide recruitment assistance, skilling reimbursements, and support for leadership development. Internship programs aimed at providing hands-on experience to local talent will also be a key part of the policy.

source/content: indianexpress.com (headline edited)