Dubbed as the “Silicon Valley of India”, Bangalore (now known as Bengaluru) is a key component of India’s growth machine. The city has been flooded with multi-national corporations setting up offices and industries, fueling the influx of a talented and educated populace. Some of the most renowned Indian companies like Infosys have set up vast centres in Bangalore. The real estate market in city has jumped manifold even as young men and women throng the city for highly paid and lucrative jobs.
Indeed, Bangalore is India's fourth largest and fastest growing market. Bangalore's per capita income of Rs. .49,000 (US$ 1,160), the highest for any Indian city. The city is the third-largest hub for high net worth individuals, after Mumbai and Delhi. Bangalore is home to over 10,000 individual dollar millionaires and around 60,000 super-rich people who have an investable surplus of Rs. 4.5 crore and Rs. 50 lakh respectively. Bangalore is called the "Silicon Valley of India" because of the large number of Information Technology companies located in the city which contribute 38% of India's Rs. 100,000 crore (US$ 22 billion) IT and software export market.
However, amidst the development, a vast underbelly of the city still struggles to find adequate education. HOPE foundation has made an effort through the Tannery Road School of HOPE, five Computer Training Centres and a Primary Health Clinic to cater to the underprivileged and poor so that they can get better jobs. In 2006, HOPE foundation was able to start a new Computer Training Center at the Mysore Mines High School, Kolar Gold Fields (KGF).
