Bhubaneswar serves a great destination to start and authenticate clients. Having a limited and curated demand, the cash burn would be inexpensive, promoting stability of business model to enter Tier-1 cities.
Some of the key factors that make Bhubaneswar a startup paradise is its closeness to the world-class educational institutes and research environment, relatively lower operational cost and more presentation to the global markets. Development of software companies in Bhubaneswar like Infosys, Mindtree, and TCS in Bhubaneswar also works as an incentive for the fast-growing startup culture in the city. The young peers in Bhubaneswar have understood the value of self-employment and are willing to take the risk with a lot of energy. According to the study, Bhubaneswar is now in the stage into which Banglore was, in the early 1990s.
Temple town to smart city
The Temple City is also home to the client base which is maturing at a fast speed and is willing to try new plans and concepts. Realizing the market potential big startups like Olacabs, Uber, Zomato, FoodPanda have extended their services to Bhubaneswar in some years.
That’s not all. It has one of the most durable governments in the country, with Naveen Patnaik enjoying his fourth consecutive term as chief minister.
Real governance is one of the important platforms that Naveen Patnaik has used to keep other major national parties from taking controls in his state.
Excellent governance
Bhubaneswar is getting a model smart city for the people and a great place to do business. These days, every other state government in India is coming out with a startup policy to attract business people and investments. What makes the Odisha sound different is that it is lined up with hard work on the ground.
India’s top IT companies, Infosys, Wipro, TCS, and Tech Mahindra have already joined in setting up centres in Bhubaneswar to take advantage of the promised tech foundation and business-friendly policies.
Odia Programmers
Bhubaneswar is now an institutional hub with numbers of engineering colleges, including the premier Indian Institute of Technology. There is also an Indian Institute of Technology in the nearby city of Sambalpur in Odisha. So far Odisha has mostly consigned its tech ability. Just take a look in Bangalore startup company and you can find a ton of programmers or engineers who are Odia. World Bank consider Bhubaneswar as the 3rd best city in India to do business. Odisha ranks 1st in India with 17% of total live projects in producing sectors.
Since the developments and events that are taking place in the startup policy of Bhubaneswar, all can expect the emergence of software companies in Bhubaneswar can make it the newest and fastest IT hub of India.
