Indian Investments Into Gcc

Govt eyes smaller cities for GCC growth with new incentive framework

The policy aims to extend GCC growth beyond metro hubs by offering tax breaks, regulatory clarity, and incentives for specialised centres in Tier-II and III cities

TransUnion's GCC India expands in Pune to accommodate growing capabilities

India's Global Capability Centres (GCCs) projected to become a $100 billion industry by 2030, employing over 2.5 million professionals

Chennai to have 450 GCCs by 2030 against current 250 centres: CBRE

Chennai is estimated to have around 450 Global Capability Centres (GCCs) by 2030 as against 250 centres now because of supply of premium office space and availability of skilled talent, according to CBRE. Real estate consultant CBRE on Wednesday released a report titled, Tamil Nadu: The Epicentre of Capability and Innovation Leadership', highlighting Chennai's rising prominence as a key destination for GCCs and its expanding commercial real estate landscape. "Over the years, Chennai has solidified its position as a preferred hub for global corporates, which accounts for 11 per cent of India's current GCC talent. The city currently hosts 250+ GCC units, which is expected to reach around 450-460 units by 2030," CBRE said. Chennai's robust infrastructure, proactive state government policies, and quality office development are aligned to meet the needs of global corporates, it added. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, As ..

Pull, don't push: Global capability centres need enabling environment

The government in Bengaluru should focus on the supply of suitable local candidates for GCCs rather than forcing labour demand to adapt

Indian GCC industry to hit $100 billion by 2030, generate over 2.5 mn jobs

Over the last five years, half of India's GCCs have shifted from service roles to portfolio and transformation hubs, integrating diverse, high-impact functions

Huge wealth of data talent in India, looking to attract it: Lingaro CEO

At a time when India's Global Capability Centre (GCC) market size is expected to reach $60 billion by 2025, tech firm Lingaro Group is eyeing a 30 per cent year-over-year revenue increase in India

German lens maker ZEISS expands its Global Capability Centre in Bengaluru

The ZEISS India Global Capability Centre is a strategic hub that will leverage Bengaluru's deep IT talent pool to drive technology solutions and expand ZEISS's global R&D capabilities

Campus hiring soars as GCCs seek freshers skilled in data science and AI

Companies like Wells Fargo, JPMorgan Chase, Novartis, Epsilon, and EQ India are actively hiring from engineering colleges, business schools, and general degree institutions in India

Global Capability Centres to cross 2,500 mark in four years: JLL India

Over 1800 GCCs in India have occupied 240 msf of space: Report

Not just foreign cos, Indian corporations also jumping on the GCC bandwagon

In the last four years, large Indian conglomerates like the Reliance Industries, the Adani Group, Dr Reddy's Laboratories (DRL), and Bank of Baroda have established GCCs locally

Marriott International to set up GCC in Hyderabad, first in hospitality

A policy to attract more such players in the works, details to be shared by first quarter of next year, says Telangana minister

Karnataka aims to double GCCs to 1,000, creating 350,000 jobs by 2029

A draft policy launched by Karnataka includes various incentives for foreign firms including reimbursement of rental costs, assistance with patent fees, and exemptions from certain duties

IT policy set to roll in by year-end with focus on GCC, jobs, research

New framework likely to keep a short-term target of 3 to 5 years

India's GCC boom: Fortune 500, mid-sized firms expand with new operations

In the past eight months, several mid-sized GCCs with 1,000-2,000 employees have launched in India, joining larger firms with 10,000-15,000 staff handling diverse functions

India's corporate mobility market thrives amidst rising demand: Report

The ETS market, valued at Rs 50,350 crore in 2023, is projected to reach Rs 1.09 trillion ($13.2 billion) by 2030, according to the Red Herring Prospectus by Eco Mobility, a car rental company

Global gaming major Flutter bets big on India, opens GCC in Hyderabad

The 80,000 sq. ft GCC in Hyderabad will host over 700 employees and focus on data engineering, game integrity, and other key functions

Amid GCC boom, Big Four in India are boosting hiring of 'tech architects'

Deloitte India has over 500 of these architects and says there is a growing demand for them across the consultancy's clients

GCC leasing in top 6 cities up 8% in first six months of 2024: CBRE

Global landscape, human capital and real estate foundational pillars of GCC prosperity in India, says the report

Global capability centre industry to boost job creation in India: Report

With India emerging as the hub of Global Capability Centres, a report on Saturday revealed that 78 per cent professionals expect the GCC sector to become a catalyst for creating jobs, particularly benefiting temporary workforce in the country. A majority of 78 per cent foresee GCCs as catalysts for creating new job opportunities, particularly benefiting gig workers and the temporary workforce in India, said a report by HR Services and Workforce Solutions provider Genius Consultants. This optimism about job creation reflects a positive outlook on GCCs' potential to diversify and expand employment avenues in the evolving job market, the survey stated. The report on GCCs and their potential impact on the Indian industrial market is based on an analysis of inputs from 1,033 professionals. Almost all the respondents agreed on the pivotal role that GCCs play in advancing the adoption of cutting-edge technologies such as Artificial Intelligence (AI), cloud computing, and Internet of Thing

Indians now hold 10-13% of leadership spots in global capability centres

India's 1,600 global capability centres (GCCs) currently employ about 5,000 Indian professionals in global roles, a number expected to reach 30,000 by 2025