Page 2 - Indian Investments Into Gcc

India flexes to top of APAC's flex office league as GCC demand surges

Mid-tier global firms setting up GCCs for first time power the surge in flexible workspace demand

Number of GCCs to rise to over 2,500 by 2030 from current 1,700: ICRA

Rating agency ICRA has estimated that the number of Global Capability Centers (GCCs) in India will increase to more than 2,500 in the next five years, creating huge demand for office space. In 2024-25 fiscal, GCCs leased a record 24 million sq ft of Grade A office space across the top six cities, with their share in total leasing rebounding to 37 per cent from a low of 27 per cent in FY23, the rating agency said in a statement. ICRA projected that GCCs would take on lease 50-55 million square feet of Grade A office space during FY26 and FY27, potentially contributing 38-40 per cent to the total office space demand in the top six markets- Bengaluru, Chennai, Delhi-NCR, Hyderabad, Mumbai Metropolitan Region (MMR) and Pune. ICRA expects "the number of GCCs to rise from about 1,700 currently to more than 2,500 by 2030, generating over USD 100 billion in revenue and scaling workforce capacity by 1.5-2 times." Anupama Reddy, Vice President and Co-Group Head, Corporate Ratings, ICRA, said

GCCs & IT services: Can collaboration amid global headwinds avert a crisis?

Global corporations, including JP Morgan, Fidelity International, Barclays Bank, Lowe's, Lufthansa, McDonald's, and Cargill, are expanding their delivery centres in India

Smartworks launches solution for setting up Global Capability Centers

Smartworks Coworking Spaces Ltd has launched a tailor-made solution to help foreign companies establish large Global Capability Centers (GCCs) in India. In a regulatory filing on Monday, Smartworks said it has launched 'SmartVantage', a purpose-built solution designed to accelerate the next phase of growth for GCCs in India. Smartworks will offer large-format, whole-building campuses - many spanning over 5,00,000 sq. ft. - that can be tailored to reflect the unique identity of GCCs. The company, which has a portfolio of 12 million sq ft across 14 cities in India and Singapore, through this dedicated solution will provide GCCs with multi-city continuity and faster time-to-go-live. "For GCCs, flexibility is critical - they need quick turnaround spaces with the ability to expand seamlessly as they grow, and our pan-India presence, speed to office delivery within 60 days and robust portfolio make that possible," Neetish Sarda, Founder & Managing Director of Smartworks, said. With ...

Citigroup shifts 1,000 tech jobs to India amid China cuts, H-1B fee hike

Earlier this year, Citi announced that it would cut around 3,500 jobs at its technology centres in China as part of a global effort to simplify and shrink global tech operations

Wall Street banks may lean on Indian GCCs, boost hiring after H-1B shakeup

Trump's $100,000 H-1B visa fee can push Wall Street banks to hire more Indian engineers and rely heavily on GCCs in India, according to a report by Bloomberg

H-1B fee hike a wake-up call for GCCs to move up the value chain

Experts say the US visa fee hike will push firms to expand global capability centres in India, but warn GCCs must move beyond delivery roles to create greater value

US' proposed HIRE law puts Indian IT firms, GCCs in a fix: Experts

This could not have come at a worse time because the IT companies are already under pressure for low single-digit growth for two consecutive years due to weak macroeconomic environment

Bengaluru hosts half of India's mid-market GCCs, says Zinnov-KDEM report

Such smaller GCCs now make up about 27% of the country's total GCC ecosystem

GCC business contributes 10% to Coforge revenue amid growing demand

Maddee Hegde, executive vice president and head of the company's business process service (BPS) and GCC units, told Business Standard in an interaction-Coforge is focusing in its core verticals

Titan mulls shifting some production to Gulf to dodge US tariff hike

Last month, Titan also announced that its has signed an agreement to acquire a 67% stake in Damas LLC, the holding company for the Damas jewellery business in the GCC region

Why are GCCs in India, touted as the next big thing, in a tax tangle?

The key problem, say tax experts, lies in the classification of GCCS and what they do: while tax authorities look at the share of operational work done in India

US retail giant Costco to set up global capability centre in India: Report

The centre will initially employ 1,000 people and scale up eventually

GCC revolution needs infra, policy stability, and skilled human capital

The deeper question, however, is whether India's human capital is prepared for a shift up the value chain

India becomes key market for MongoDB as global growth plans accelerate

With stronger growth in India than in other markets, MongoDB is expanding its local engineering teams and training programmes to drive adoption across startups and global firms

India sees highest ever office leasing in H1 2025 at 48.9 mn square feet

Strong demand from Global Capability Centres and flexible office spaces drove India's office leasing to a record 48.9 million sq ft in the first half of 2025

Govt to give best of attention to promote GCCs: FM Nirmala Sitharaman

Finance Minister Sitharaman says the Centre will offer tax, legal and administrative support to boost GCCs in India and guide states to develop hubs in tier 2 cities

Need to push GCC with policy support, exact action points: DEA Secy

She said that with GCCs expanding into engineering, artificial intelligence, and emerging tech, there was a need for specialised courses to be brought in

Global capability centres not packing bags just yet for small-town India

Patchy infra and thin talent pool stall plans to shift beyond metros

Pharma GCCs tap artificial intelligence to fast-track drug discovery

They are not just cutting down drug development time, but also the cost involved in it. AI is reshaping how drugs and therapies are developed