How Bangalore’s IT sector flowered from a princely state Diwan’s industrial dream in 1911

One would assume that an article on urban development in Bangalore would talk about the ridiculous traffic congestion in the city. But Aditi and Anish, students of urban development will hopefully tackle that on a different day. In this article, they trace the city’s emergence as a IT hub to economic policies set in as far back as 1911 by Sir M Visweswaraiah the then Diwan (Prime Minister) of the Princely state of Mysore. Sir MV in a landmark Mysore Economic Conference in 1911 laid out the industrialisation plan for the kingdom. The infrastructure build out then eventually upon gaining independence made Bangalore the preferred destination for the Govt of India’s strategic industries (such as HAL, ITI, BEL, etc) alongside research and educational institutes (IISc, DRDO, ISRO). The largely knowledge worker population that settled in the city on the back of these organisations made Bangalore the choice of destination for the tech industry post liberalisation.

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Note: The above material is neither investment research, nor financial advice. Marcellus does not seek payment for or business from this publication in any shape or form. The information provided is intended for educational purposes only. Marcellus Investment Managers is regulated by the Securities and Exchange Board of India (SEBI) and is also an FME (Non-Retail) with the International Financial Services Centres Authority (IFSCA) as a provider of Portfolio Management Services. Additionally, Marcellus is also registered with US Securities and Exchange Commission (“US SEC”) as an Investment Advisor.