From countries to cities

Venkatesh finds out from a report on ‘emerging outsourcing locations’  that companies have shifted their focus from countries to cities:

In 1993, when I graduated with an engineering degree, out of the 500 odd people who graduated with me about 450 left Trivandrum, Kerala. This was to seek employment in other major cities like Chennai, Bangalore, Mumbai etc. Today, there are half a dozen engineering colleges in Trivandrum (there was only one in 1993) and even then, only about 50% of graduates leave the town. While Trivandrum used to have the worst success rate for many businesses and factories, one of the success stories of Trivandrum is the Technopark.

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