Page 5 - Indian Investments Into Gcc

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

GCCs may occupy 26 million sq ft office space by 2027: Knight Frank India

As per the report, between 2018 and 2023, 5,349 GCC-focused office deals under 50,000 square feet were finalised across eight cities

From back offices to strategic hubs, GCCs in India shaping MNC operations

Gradually, leaders at India-based GCCs are gaining greater autonomy, influencing enterprise architecture and participating in budgeting, staffing, and other operational decisions

AstraZeneca to invest Rs 250 crore in expanding its GITC in Chennai

This will be the company's largest GCC in the world. This is a monumental addition by the company, joining other global giants like Hitachi Energy in establishing their biggest GCCs in Chennai

'Cultural integration, regulatory compliance top challenges for new GCCs'

The study revealed distinct preferences in entry strategies, with 46 per cent of respondents opting for joint ventures

The elections signal course correction

Voters have made it clear they want inclusive growth and a break from polarising politics

Unlocking India's decadal growth

Sustained high growth will need hard reforms

India must up its share in global manufacturing: FM Nirmala Sitharaman

Some economists, including former RBI Governor Raghuram Rajan, have said recently that India should focus on services sector rather than manufacturing as it has missed that opportunity

Start-ups and GCCs lead in AI adoption in India, says EY report

Further, the analysis of India's top 50 most valued Indian unicorns in the study revealed that 66 per cent of them were already using AI or GenAI technology in their operations

India to have 200 new GCCs by 2025; growth to help office space: JLL

GCCs are offshore centres that handle a variety of operations like tech, customer service, finance and product development, among other things to support the parent company

India GCCs emerge as proof-of-concept foundries for GenAI applications

Companies are utilising GCCs as a "sandbox environment" to develop PoCs that accelerate their digital journey by leveraging GenAI across relevant domains