Report | Creating Resilience
India’s Global Capability Centres - Charting a New Technology Era
November 15, 2023 10 Minute Read
Global capability centres (GCCs) have been integral to India’s technology success story, serving as captive hubs that manage global functions for companies ranging from analytics & technology support to product development & innovation.
From a real estate perspective, GCCs in India have become a critical driver of office demand and a large part of office occupiers. They often lead in adapting, innovating and establishing a precedence for other occupiers to follow.
India’s GCC leasing from 2022 to H1 2023 stands at ~29 mn sq. ft. Bangalore is at the forefront of leasing, followed by Hyderabad, Chennai and Pune where the GCCs are expanding aggressively owing to the edge India offers over other countries.
GCCs in India – At a glance:
· Number of GCCs – 1580
· GCC talent – 1.66 mn
· Bangalore’s share in GCC leasing (2022-H1 2023) – 44%
· Cumulative share of Hyderabad, Chennai and Pune in GCC leasing (2022-H1 2023) – 43%
The India edge in GCCs’ growth:
- Talent game
- Value arbitrage (Talent & office costs)
- Policy push
- Robust technology ecosystem
To delve deeper into our report on India's GCCs, please click on the download button.