PROJECT DISCUSSIONS IN GCCS
Iran conflict and global risks slow GCC expansion in India
Global geopolitical tensions are slowing new technology centre openings in India, with a dip in brownfield expansions due to macro uncertainty. Despite this, the overall value of India's GCC ecosystem is rising, driven by new capabilities in AI and product engineering, indicating a dual structure of insourcing and outsourcing.
Volatile geopolitics slows GCC in March
Global geopolitical tensions are impacting new technology center openings in India. While the number of new centers slowed, existing ones are expanding. Experts predict continued growth in greenfield centers if uncertainties ease. The GCC ecosystem is steadily rising, driven by new capabilities in AI and product engineering.
Layoffs hit tech, GCCs; Startups rewrite summer rules
Happy Wednesday! Tech and GCC talent are facing more layoffs as they move up the value chain and integrate into global operations. This and more in today’s ETtech Morning Dispatch.
Govt crackdown on underage scrolling; UPI incentives decline
Happy Thursday! The government is debating social media restrictions for children in India. This and more in today’s ETtech Morning Dispatch.
State-run banks rolling out GCC, AI road map under EASE 9.0 reforms
Public sector banks are set to launch a global capability centre strategy by FY27. State Bank of India will lead this initiative. Banks will also develop advanced technology like AI stacks and blockchain. This move aims to modernize lenders and improve productivity. India's BFSI GCCs are projected for significant growth by 2032.
Drugmaker Sanofi to expand India GCC, increase workforce to over 4,500 employees
French drugmaker Sanofi is set to significantly expand its global capability centre in Hyderabad. The company plans to more than double its workforce to over 4,500 employees. This expansion will be backed by a substantial multi-hundred-million investment. Sanofi's move highlights India's growing importance as a hub for innovation and high-value operations for multinational corporations.
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PLI 2.0 after finalising details with mobile, IT firms; tech jobs to cross 1.5 cr: Union minister Ashwini Vaishnaw
India's government is planning the next phase of its production linked incentive scheme for electronics. Discussions are underway with mobile phone and IT firms. New budget reforms are expected to significantly boost job creation in electronics, AI, and GCC sectors. The aim is to surpass the current employment of over one crore jobs.
Budget 2026: A time for higher growth, quality jobs and global competitiveness
Union Budget 2026: The upcoming budget holds immense potential for boosting economic growth. The India-EU Free Trade Agreement and ongoing reforms offer a strong foundation. Focus areas include transforming rural economies, strengthening manufacturing, enabling services, advancing hi-tech skilling and improving infrastructure.
Davos summit boosts Karnataka investment pipeline with Rs 13,070 cr in commitments
Karnataka attracted significant investment commitments totaling Rs 13,070 crore at the World Economic Forum in Davos. These investments span renewable energy, aerospace, data centres, and advanced manufacturing. Several global companies expressed interest in expanding operations and setting up new facilities in the state.
Karnataka gets investment commitments for over Rs 13,000 cr at Davos: Minister M B Patil
Karnataka secured Rs 13,070 crore in investment commitments at the WEF meet in Davos, spanning sectors like renewable energy, data centres, and advanced manufacturing. Global leaders lauded the state's industry-friendly environment and skilled workforce, paving the way for accelerated projects and strengthening Karnataka's competitive edge in global trade.
Increase of public participation in real estate tells the growth story of India, says Anshuman Magazine
The Indian real estate landscape is undergoing a metamorphosis. Innovative retail investors and Real Estate Investment Trusts are redefining property ownership models. With Global Capability Centres on the rise, there's an increasing demand for office spaces. Investments are hitting unprecedented levels, particularly in sectors like healthcare, education, and hospitality.
Unilever to explore possibility of establishing GCC in Hyderabad
Unilever is considering a Global Capability Centre in Hyderabad. Google wants to partner on agriculture and climate change. Royal Philips is interested in AI collaborations. The UAE will help develop Bharat Future City. Saudi's Expertise is keen on Young India Skills University.
Karnataka to showcase execution readiness at WEF Davos: Minister Patil
Karnataka's delegation is heading to Davos for the World Economic Forum 2026. Minister M B Patil leads the team with a focus on turning investment plans into actual projects. They will attend over 45 high-level meetings to attract global investors. The state aims to showcase its readiness for manufacturing, renewable energy, and data centres.
How GCCs are changing India’s commercial real estate market
Global Capability Centres are significantly boosting India's office space demand. These centres are now hubs for innovation and core functions, not just cost savings. This trend is leading to expansion in major cities and emerging Tier-2 locations. Hybrid work models are also influencing office design, focusing on quality and flexibility. This shift is making office strategy a key boardroom discussion.
Maharashtra set to join GCC big league as Brookfield comes calling with $1 billion offer
GCCs are offshore units of multinationals created to support global operations across functions. Entities like Brookfield create real estate spaces that are rented to companies.
Brookfield to invest USD 1 billion to build Asia's largest GCC in Mumbai
Maharashtra Chief Minister Devendra Fadnavis on Friday said asset manager Brookfield is set to invest over USD 1 billion (around Rs 9,000 crore) to create a global capability centre (GCC) facility in the state.
Brookfield to invest USD 1 bln to build GCC facility in Maharashtra: Fadnavis
Chief Minister Devendra Fadnavis on Friday said asset manager Brookfield Properties is set to invest over USD 1 billion to create a global capability centre (GCC) facility in the state.
Maharashtra to add 400 new GCCs in next 5 years
Maharashtra is set to significantly expand its Global Capability Centers. The state aims to establish 400 new GCCs within the next five years. This strategic move will bolster Maharashtra's standing as a premier GCC destination. Pune is identified as a key growth hub, with substantial infrastructure development underway to support this expansion.
Kerala starts land pooling for 300-acre tech township in Kochi
The Greater Cochin Development Authority (GCDA) will develop the project over three to four years at Kizhakkambalam. The third phase will have 20 million square feet of IT space and about 5,000 residential units. Infopark, which is an arm of the government will own and manage the hub.
Trump visa curbs push US firms to consider shifting more work to India
Trump's H-1B visa changes will accelerate US firms moving high-value work to India. Global capability centers in India will see significant growth. These centers will handle finance, research, and development. This shift will boost India's role in global innovation. Experts anticipate extreme offshoring in some sectors. India's services exports may increase.
CII suggests national framework to position India as global headquarters for innovation-driven GCCs
Confederation of Indian Industry proposes a National Global Capability Centres Policy. This aims to make India a global innovation center. The policy could create millions of jobs and boost the economy. It involves setting up digital zones and strengthening partnerships. A GCC Council will ensure coordination. A Model State GCC Policy is also in progress.
“It’s no longer a cost thing”: GCCs shift from support units to strategic value creators
The final round of Bosch Conversations in Bengaluru, in partnership with The Economic Times, highlighted the shift of GCCs from being operational outposts to emerging as value engines capable of driving both core transformation and new market creation.
IT business model ripe for disruption, say HCLTech, Infosys CEOs
The industry is dealing with several challenges at multiple levels. While AI is hitting the very core of the industry with its automation and code generation capabilities, the technology demand has not fully recovered after being depressed for two years.
India’s GCCs soar to 1,700, set to hit 2,200 by 2029: Nasscom president
India's global capability centres (GCCs) are booming, with 1,700 currently and 2,200 projected in five years. Nasscom's new president, Rajesh Nambiar, highlighted the symbiotic relationship between GCCs and the IT sector, emphasising growth strategies amidst economic challenges. Nasscom is addressing key concerns, exploring new markets, and monitoring US policy changes, while also preparing for the long-term impact of AI.
Karnataka unveils GCC policy, aims to generate USD 50 billion economic output by 2029
The Karnataka Government has launched a draft Global Capacity Centres (GCC) policy aiming to generate USD 50 billion in economic output and attract 500 new GCCs by 2029, creating 3.5 lakh jobs. The policy aims to enhance investor confidence, promote collaboration with the local innovation ecosystem, and position Karnataka as a global leader in AI research and development.
KYC non-negotiable for fintechs; Ola Electric IPO pricing
Happy Wednesday! The central bank has cautioned fintech startups to adhere strictly to know-your-customer (KYC) guidelines. This and more in today’s ETtech Morning Dispatch.
Very strong hiring trend in non-IT sectors; attrition continues in IT: Ramani Dathi, Teamlease
“There is an overall increase in hiring within the banking sector, because across all private banks, the hiring numbers are really picking up, especially over the last two quarters. Even our pipeline for the next two quarters for the BFSI segment is looking very strong. So, with more opportunities, especially across sales, customer support, credit card recovery, across these profiles, we are seeing more attrition across the segments.”
GCCs are owning end-to-end processes: ETILC Roundtable
Thomson Reuters’ and ETILC’s latest round table was a lively discussion on how GCCs are owning processes end-to-end thereby creating more value for parent companies and broadening the scope for growth. GCCs have embedded themselves deeper within business functions, moving up the value chain to deliver higher value processes.
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