Page 6 - Indian Investments Into Gcc

GCCs lead in gender diversity in India; deeptech firms lag behind: Research

Achieving gender parity, however, remains a challenge in Deeptech organisations, where the percentage of women workforce stands at mere 23 per cent, according to the report

90% of GCCs plan to harness AI, ML in 2-3 years, says ANSR report

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

GenAI, GCCs to help boost Indian economy in coming years: Deloitte

India could see a substantial growth of USD 359-438 billion in GDP through adoption of GenAI and the country's Global Capability Centres (GCC) market would exceed USD 100 billion by 2030, Deloitte India said in a report. The Technology Trends 2024 report: India perspective said GCCs are taking the lead in 2024, showcasing India's growing prowess in catering to international technology needs. "With over 1,600 GCCs, India's GCC market is growing and creating its dominance globally. It is estimated that by 2030, the Indian GCC market would exceed USD 100 billion, with 2,500 GCCs across the country employing over 4.5 million people," it said. The report pointed out a close connection between technological adoption and accelerated economic growth. Improved accessibility and government initiatives, it said, have led to a significant surge in digital technology adoption. It said advanced technologies offer avenues for growth and efficiency, such as automating tax filing, using blockchai

India will become a product nation in PM Modi's next term: Vaishnaw

At Business Standard Manthan, Ashwini Vaishnaw said that the Centre would create a policy framework for the Global Capability Centres

Co-working spaces set to expand capacity in 12-24 months as demand rises

WeWork plans to inaugurate its first building in Chennai in early June. Currently, the company is spread out across 54 locations with more than 90,000 desks across seven cities

Aster DM's deal to separate India and GCC businesses nears completion

In November 2023, Aster DM had received corporate approvals to separate its India and Gulf Cooperation Council (GCC) businesses into two distinct and standalone entities

Tapping into India's talent, global capability centres eye revenue goldmine

India is home to more than 1,580 GCCs, with a total market size of $46 billion

Indian GCC model changing from execution-driven to taking ownership

Indian GCCs have become "value amplifiers" for their global headquarters

Ministry asked to tap over 3.5 mn overseas jobs: House Panel report

Operationalise 30 Skill India International Centres by March: House Panel

Volkswagen Group's India unit looking to introduce entry-level electric SUV

The carmaker is looking at exporting the new EV to southeast Asia, Gulf Cooperation Council (GCC) countries and North Africa

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