Page 3 - Indian Investments Into Gcc

Uttar Pradesh govt plans to tweak GCC policy to attract more FDIs

According to sources, the proposed policy will provide 30-50 per cent front-end land subsidy, apart from 100 per cent stamp duty waiver for GCC investors

IT major Wipro eyes GCC service line in bid to catch up with peers

Wipro will help multinational companies set up their GCCs in India, operate and then transfer the entity back to the parent company - popularly known as the BOT model - after a few years

GCCs emerging as a big answer to labour migration: Labour Secy Sumita Dawra

Nearly 34 states and union territories (UTs) have pre - published draft rules and it has been done in a harmonized, standardized manner, Dawra said

Absorption of real estate space by GCCs crosses pre-pandemic level

GCCs have leased or committed to take about 27.7 million square feet (sq ft) of Grade-A commercial real estate in 2024 and 24.1 million sq ft in 2023

BFSI GCCs reach new heights in India with neo and mid-sized banks

Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC

Syneriq Global opens AI GCC in Hyderabad, aims for $150 million revenue

Additionally, the group launched a new AI platform, Zyrix, focused on driving innovation and advancing product engineering

Hiring by GCCs likely to grow nearly 27% in FY26, to outpace IT again

Demand for domain experts, specialised skillsets the trigger

CII announces plan to make India global logistics hub, generate employment

Expanding sector is to expected create 15-17 mn jobs in the country by 2030, it says; Initiative will attract investments and drive economic growth

Maharashtra govt working on a dedicated AI policy, developing GCC parks

Fadnavis said that technology will play a crucial role in making Maharashtra a trillion-dollar economy

India is becoming a key revenue market for Publicis Sapient: Sanjay Menon

Company currently has over 10,000 employees in the country, almost half of its global headcount

Infosys to establish GCC for Lufthansa to drive digital transformation

The move shows how global airlines have been setting up GCCs in India over the last few years

Sunrise sectors drive India's apprenticeship growth to record high: Report

Industries at the forefront of technological and economic transformation are increasingly turning to apprenticeships to build a skilled workforce, according to the latest Apprenticeship Outlook Report

Budget measures on AI, startups, GCCs to drive growth, says tech experts

A slew of measures around technology and AI announced in the Union Budget is a step towards a stronger Digital India and AI-driven modernisation, and would play a crucial role in shaping the next phase of growth for India's economy, according to top industry voices. Puneet Chandok, President, Microsoft India and South Asia said it is heartening to see the government's vision of building Viksit Bharat by 2047 with AI and technology in the Union Budget 2025. There is no doubt AI has the potential to transform every sector of Indian society, from boardrooms to classrooms, commerce to communities, and finance to farmers, he said. "We welcome the Finance Minister's announcements of establishing a Centre of Excellence for AI in Education and creating a deep tech fund to catalyse future startups. As the Economic Survey 2025 highlights, India must capitalise on AI opportunities and leverage its young and dynamic population to create a tech-forward workforce for India and for the world, ...

GCCs upending India's technology landscape: Economic Survey 2025

The number of GCCs in India has increased exponentially to more than 1,700 in FY24, up from 1,430 in FY19

Global roles in GCCS to grow over three-fold to 30,000 by 2030: Eco Survey

Global roles within Global Capability Centres (GCCs) established in India are expected to grow over four-fold to 30,000 by 2030, the Economic Survey 2024-25 said on Friday. According to experts, the view of the companies across the globe for India is changing from being a low-cost destination to centre for innovation and highly skilled talents that is leading to more global roles coming to the country. The survey said India has established itself as a prominent player in leveraging its vast talent pool, which accounts for 28 per cent of the global (science, technology, engineering, mathematics) STEM workforce and 23 per cent of the global software engineering talent. "Over the past decade, the GCC ecosystem in India has matured significantly, advancing into high-end engineering roles such as product managers and architects, with 35 per cent of transformation hubs exhibiting a strong presence of architects. "Furthermore, global roles within GCCs are expanding rapidly, expected to gr

Public finances of GCC countries witness surplus in 2022, 2023: GCC-Stat

The reports issued by Credit rating agencies also signalled an improvement in the sovereign bond rating of the GCC countries in 2023

UP govt's infra push spurs Rs 5.3 trn capex, eyes global tech hubs

Looking ahead, the Yogi Adityanath government aims to leverage this infrastructure development to build a robust network of GCCs

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 ..