Page 3 - Indian Investments Into Gcc

E-auction announced for developed vacant plots in Chennai Fintech City

Plots on offer are part of a multiple-use zone suitable for office, residential, and hospitality

India is emerging global leader in GCC, says RBI monthly bulletin

GCCs are offshore units of multinational corporations that operate across the globe

Share of GCCs in office transactions rose to 35% in 2023: Knight Frank

Chennai witnessed the highest GCC focussed transactions at 6 msf, followed by Hyderabad at 4.1 msf and Bengaluru at 3.8 msf

GCCs focus on retention strategies, fintechs turn to local language tools

As companies continue to grow and invest in disruptive technologies, they have to ensure there is a sufficient supply of talent as they scale operations

TMS Ep593: Real estate boom, Bollywood's revival, Pulkit Agarwal, GCCs

What's behind the rush to own a flat in Indian metros? Was 2023 the year Bollywood bounced back? Will crude oil hit the $120 a barrel mark in 2024? What are global capability centres? Answers here

ANSR to set up about 25 large-scale global capability centres in India

"We are currently doing one every three weeks and we are looking at setting up one every two weeks next year… the large-scale GCCs are of companies with revenues of over $10 billion," Ahuja said

NYSE-listed Waters Corp invests $16 million in new GCC in Bengaluru

Waters Corporation has about 450 employees in India and plans to hire another 300 for its new GCC in Bengaluru

Indian GCCs becoming a sandbox for global organisations: Nasscom V-C

SAP Labs India is the largest research and development (R&D) hub of the company globally, with 40 per cent of its global R&D conducted in India

Aster DM Healthcare sells stake in Gulf business for $1.01 billion

Aster to separate its India and GCC businesses to unlock value

Indian GCCs emerge as stepping stone on the route to corner office

The number of MD promotes from India has grown 16.6 per cent despite the global MD promotion class size shrinking by 5.4 per cent as compared to 2021

Demand for workspaces eases on global downturn; shift to office holds hope

Employers' push for increased physical occupancy in offices may prove to be another tailwind for office leasing

Global slowdown blues will stall demand for office space this year: Crisil

IT firms and Global Capability Centres (GCCs) of multinational corporations are expected to keep demand modest in the near term amid global economic headwinds

UP, Bihar replace Kerala as top contributor of workforce to GCC countries

The top five labour-sending states so far this year have been Uttar Pradesh, Bihar, Kerala, West Bengal, and Tamil Nadu, according to a study by Huntr

GCCs to lease 62 million sq. ft. in India by 2025: CBRE Asia report

By 2025, it is estimated that there will be about 1,900 total operational GCCs in the country, up from the existing 1,580

18 new GCCs were set up in India during H1 CY23: Nasscom-Zinnov report

India has emerged once again as the top choice for global companies to drive innovation, access skilled talent, groom the next generation of leaders, and build world-class products

GCC employee base to go up to 4.5 mn by 2030: BCG India's Snehil Gambhir

'Firms have always been trying to balance between what they outsource to third-party and what they keep in-house,' says Snehil Gambhir, partner & director, BCG India

An inflexion point

IT industry can change fundamentally

Goldman Sachs' biggest office beyond New York attests to India's rise

India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom

Indian GCC market size to grow 144% to $110 billion by 2030: EY report

The GCC industry is expected to hire around 2.6 million people in India by the end of this decade

India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report

Collaboration and customer-centric business development among factors enabling country's capacity