India to have 200 new GCCs by 2025; growth to help office space: JLL

Facilities that support parent companies by handling various operations expanding in country's smaller cities, says senior executive of real estate consultancy

India will likely have some 200 new global capability centres (GCCs) in the next two years, said the senior executive of a real estate consultancy on Tuesday.

There are 1,540 GCCs in India and they are fuelling the growth of office real estate, said Manish Aggarwal, senior managing director (North & East India) at JLL India. A GCC supports its parent company by handling operations like technology, customer service, finance, and product development. Global giants like Visa, Amazon, Wells Fargo and American Express have established GCCs in India.