IFSEC South India presents an unrivalled opportunity for any fire protection or security products/services company to showcase security products and innovations to the South Indian security market.
Bangalore is in a state of Karnataka which is one of South India’s fastest growing markets.
Here are some key background facts on the Karnataka state.
Karnataka, which had an estimated GSDP (Gross State Domestic Product) of approximately Rs. 2152.82 billion ($ 51.25 billion) in the 2007-2008 fiscal year, is one of India’s more economically progressive states.
Karnataka is the manufacturing hub for some of the largest public sector industries in India, including Hindustan Aeronautics Limited, National Aerospace Laboratories, Bharat Heavy Electricals Limited, Indian Telephone Industries, Bharat Earth Movers Limited and Hindustan Machine Tools, which are based in Bangalore. Since the 1980s, Karnataka has emerged as the pan-Indian leader in the field of IT (information technology).
Seven of India's leading banks: Canara Bank, Syndicate Bank, Corporation Bank, Vijaya Bank, Karnataka Bank, Vysya Bank and the State Bank of Mysore originated in this state.
Karnataka has a well developed infrastructure where the government has recently implemented many projects like construction of expressways, flyovers and roads.
Due to the IT boom in Bangalore and Mysore, and with big multinationals like the Microsoft, Accenture, Wipro, Infosys and Yahoo setting up in the state, there has been a spate of residential and commercial construction activities in Bangalore.
Karnataka is among the top five industrialized states in the country and is considered the Silicon State and Bengaluru.
Given this potential growth South India remains a global hot spot for building automation, fire safety and security and is expected to offer a huge share in overall security market of India.
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