garded as Silicon Valley of Asia, since Bangalore has been the largest IT hub. Infosys, Wipro, Mindtree, Mphasis, Flipkart, Myntra are headquartered in Bangalore. A large number of information technology companies located in the city which contributed 33% of India's ?1,442 billion (US$20 billion) IT exports in 2006–07. Bangalore's IT industry is divided into three main clusters – Software Technology Parks of India (STPI); International Tech Park, Bangalore (ITPB); and Electronic City. Most of the IT companies are located in Bommanahalli, Domlur, Whitefield, Electronic City, Krishnarajapuram, Bellandur, Mahadevapura. The city turned out as IT hub due to the presence of many institutions like Bangalore University, Indian Institute of Science etc. Bangalore is also known as Biotech Capital of India as it hosts as the headquarters of India's largest biotechnology company Biocon. Startup companies such as Swiggy, Ola Cabs, InMobi, Quickr, RedBus are also based in the city. Bangalore is a favorable destination for industrial developments. United Breweries Group is headquartered in Bangalore. The city is an automobile hub. Tata Hitachi Construction Machinery, Mahindra Electric, Bharat Earth Movers, Toyota Kirloskar Motor, Tesla India, Ather Energy are headquartered in Bangalore within there operations. Robert Bosch GmbH, Mercedes-Benz, Volvo, General Motors, Royal Enfield, Honda Motorcycle and Scooter India, Scania AB, Larsen & Toubro have there plants and research & development (R&D) centers around Bangalore. ABB, General Electric, Tyco International have there research & development centers in Bangalore. Aerospace industries are also popular around Bangalore, which made it as Aviation Monopoly capital of India. Airbus, Boeing, Tata Advanced Systems, Indian Space Research Organisation, Liebherr Aerospace have there units in Bangalore. Bangalore is also emerged as an electronics & h ardware manufacturing hub of India. It houses Dell, Nokia, Philips, Wistron manufacturing and R&D units. Public sector undertakings (PSUs) such as Bharat Electronics Limited (BEL), Hindustan Aeronautics Limited (HAL), National Aerospace Laboratories (NAL), Bharat Earth Movers Limited (BEML), Central Manufacturing Technology Institute (CMTI), HMT (formerly Hindu