Page 4 - Indian Investments Into Gcc

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 ..

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