An outside-insiders informal view of the IT Industry in Pune, India by an Indian now living in the US.
Yesterday, I arrived in Pune, India where my parents currently live. Pune is ~3 hrs drive from Mumbai (the city formerly known as Bombay). Mumbai priced itself out of the burgeoning IT industry in the 80’s and 90’s due to impossibly high real estate prices, traffic congestion and general infrastructure overload.
A classmate of mine worked for the New York office of McKinsey & Co., the consulting firm. They did a pro-bono assessment, for the state government in the late 80’s, of what Bombay would have to do to emulate the success of Bangalore. Finding ways to make affordable housing widely available was on top of the list. The state government did nothing much and Bangalore became the center of Indian IT and now a well established player in international IT. The state government is being warned that it may make the same mistake again with Pune. Time will tell.
I will be posting about my highly personal and subjective assessment of Pune IT based on a limited number of observations and interactions with friends and new acquaintances. Take it for what it is. Just know that if you have heard of Bangalore, you may well be hearing a lot more of Pune in the next 5-10 years.
In the meanwhile here’s some background.