Business Standard

Wednesday, January 08, 2025 | 08:59 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

India talent lures firms to expand their global in-house centres

Historically, companies in regions such as North America and Europe have been dominating the shared services/GIC space in India

Employee addition by top IT firms fall by three-fourth in FY18
Premium

Romita Majumdar Mumbai
Hiring by Indian IT services companies may have hit the slow lane with increasing automation and changing skillset requirements, but Indian talent continues to attract international firms to rapidly expand their global in-house centres (GICs) in the country besides setting up new ones.

According to a recent Nasscom report, as of FY 2018, GICs (also known as Global Capability Centres or GCCs) employed around 900,000 direct employees as against 745,000 in FY15. Almost 40 per cent of the talent pool working with the GICs are in Bengaluru.

“We are seeing a huge interest from companies who are setting up their

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in