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Pune is a city located in the western part of india and is considered to be the cultural capital of maharashtra it is home to a growing startup scene with a history of entrepreneurs dating back to the preindependence era the city has a population of around 3 million people and is known for its mild climate scenic beauty and excellent educational institutions it is also home to several prominent tech parks including the hinjewadi it park which has attracted many global tech companies the technological innovations of pune have been quite significant with companies in the city making strides in areas such as automation software development and ecommerce some of the wellknown companies that have their headquarters in pune include persistent systems quick heal and cybage pune has several wellknown universities including the university of pune symbiosis international university and mit world peace university these universities have helped to produce a talented pool of engineers and entrepreneurs contributing to the growth of the startup ecosystem in the city the living wage in pune is approximately inr 11000 150 per month while the unemployment rate in the city is around 45 the citys gdp was approximately 58 billion in 2020 punes startup scene has been growing rapidly in recent years with many new companies being founded in the city according to a report by nasscom pune is home to over 1800 startups making it one of the top startup hubs in india the citys startup ecosystem has been supported by various government initiatives incubation centers and investor networks despite the thriving startup scene pune still faces challenges such as a lack of adequate infrastructure particularly in the areas of public transport and affordable housing however with its strong talent pool supportive ecosystem and strategic location pune is wellpositioned to continue its growth as a major hub for innovation and entrepreneurship in india
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