BANGALORE: Despite the road congestion, traffic gridlocks, expensive standard of living and the forever water crisis issues, Bangalore is the hotspot for attracting investments for MNCs and startups. The city is being flocked by more people given the attractive career opportunities being offered here. In the span of 18 months the city has drawn an investment of $1 billion, reports ET.

Bangalore being the destination for evolving technologies and skilled workforce is attracting several big international brands and companies to invest in the growth. The surge in the development of smartphones, social media and artificial intelligence is contributing more to the popularity of the most happening cities in the country.

Amongst 1,000 inhouse centres (GICs), one third is set up in Bangalore.  Reportedly, investments pursuing Bengaluru are huge.

Exxon Mobil based out of U.S. is speculated to invest around $400-$500 to launch out its technical and business support services centre.

The CME group, worth $1 quadrillion and over 3 billion projects, has plans to open a GIC in Bengaluru. Apart from CME, the American apparel and home furnishing retailer, JCPenny,  L Brands, manufacturers of lingerie brand Victoria's Secret, and Lowe's, the U.S. based home improvement and appliance store chain have set up their centres in the city.

The city is also producing innovative startups and these swarming startups are attracting entrepreneurs to invest in the domestic markets. 

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