Page 7 - Indian Investments Into Gcc
Demand for workspaces eases on global downturn; shift to office holds hope
Employers' push for increased physical occupancy in offices may prove to be another tailwind for office leasing
 "Demand for workspaces eases on global downturn; shift to office holds hope")
Global slowdown blues will stall demand for office space this year: Crisil
IT firms and Global Capability Centres (GCCs) of multinational corporations are expected to keep demand modest in the near term amid global economic headwinds
 "Global slowdown blues will stall demand for office space this year: Crisil")
UP, Bihar replace Kerala as top contributor of workforce to GCC countries
The top five labour-sending states so far this year have been Uttar Pradesh, Bihar, Kerala, West Bengal, and Tamil Nadu, according to a study by Huntr
 "UP, Bihar replace Kerala as top contributor of workforce to GCC countries")
GCCs to lease 62 million sq. ft. in India by 2025: CBRE Asia report
By 2025, it is estimated that there will be about 1,900 total operational GCCs in the country, up from the existing 1,580
 "GCCs to lease 62 million sq. ft. in India by 2025: CBRE Asia report")
18 new GCCs were set up in India during H1 CY23: Nasscom-Zinnov report
India has emerged once again as the top choice for global companies to drive innovation, access skilled talent, groom the next generation of leaders, and build world-class products
 "18 new GCCs were set up in India during H1 CY23: Nasscom-Zinnov report")
GCC employee base to go up to 4.5 mn by 2030: BCG India's Snehil Gambhir
'Firms have always been trying to balance between what they outsource to third-party and what they keep in-house,' says Snehil Gambhir, partner & director, BCG India
 "GCC employee base to go up to 4.5 mn by 2030: BCG India's Snehil Gambhir")
An inflexion point
IT industry can change fundamentally
 "An inflexion point")
Goldman Sachs' biggest office beyond New York attests to India's rise
India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom
 "Goldman Sachs' biggest office beyond New York attests to India's rise")
Indian GCC market size to grow 144% to $110 billion by 2030: EY report
The GCC industry is expected to hire around 2.6 million people in India by the end of this decade
 "Indian GCC market size to grow 144% to $110 billion by 2030: EY report")
India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report
Collaboration and customer-centric business development among factors enabling country's capacity
 "India to have 1,900 GCCs, market to be worth $60 bn by 2025: Report")
If delay in FTA talks, GCC nations can join India-UAE trade deal
The clause was added to the agreement to encourage other countries to join the pact, making it a regional agreement, the sources said
 "If delay in FTA talks, GCC nations can join India-UAE trade deal")
India-GCC grouping expects to revive free trade agreement negotiations
Launch date of negotiation not divulged
 "India-GCC grouping expects to revive free trade agreement negotiations")
Why India continues to attract demand for global capability centres
According to a BCG study, India currently has over 1,500 global capability centres, with 300-500 to be added over the next five years
 "Why India continues to attract demand for global capability centres")
India now sets sights on free trade agreement with Gulf countries
Engagements to begin next month; UAE template to make it easier, say experts
 "India now sets sights on free trade agreement with Gulf countries")
Indian investments into GCC touching $3 bn: Report
The GCC is a political and economic alliance of Saudi Arabia, Kuwait, the UAE, Qatar, Bahrain, and Oman
 "Indian investments into GCC touching $3 bn: Report")