Bangalore, the "Silicon Valley of India", now officially known as Bengaluru, is situated in the southeast of the South Indian state of Karnataka.It is called the "Silicon Valley of India" because of the large number of Information Technology companies located in the city.As headquarters to 38% of global SEI-CMM Level 5 Companies, Bangalore's place in the global IT map is prominent
Bangalore's Rs. 260,260 crore (USD 60.5 billion) economy (2002–03 Net District Income) makes it a major economic center in India.Indeed, Bangalore is India's fourth largest and fastest growing market. Bangalore's per capita income of Rs. .49 lakh (US$ 1,160) is the highest for any Indian city.
Bangalore is also known as the Garden City of India because of its climate, greenery and the presence of many public parks, including the Lal Bagh and Cubbon Park.