Blitz Bureau
NEW DELHI: India houses nearly 1,700 Global Capability Centres (GCCs) spread across tier 1 and 2 cities, accounting for around 53 per cent of the total number of GCCs worldwide, a report said on July 21. Bengaluru, Hyderabad, Chennai, Delhi-NCR, Mumbai and Pune account for 94 per cent of the total number of GCCs in India, said Vestian Research, an occupier-focused global workplace solutions provider, in its report.
The rest 6 per cent GCCs are spread across Kolkata, Kochi, Ahmedabad, Chandigarh, Coimbatore, Vadodara, Nashik, Trivandrum, Jodhpur, Warangal, Baroda, Visakhapatnam, Bhogapuram, Jaipur, Surat, Mohali, Bhubaneswar, Indore, Mysuru, Madurai and Bhopal.
According to Vestian Research, the total number of GCCs in India is projected to exceed 2,100 by FY28, growing at a CAGR of 8 per cent. On average, approximately 150 new centres are expected to be established annually. The IT sector leads the landscape in India, accounting for approximately 49 per cent of the total number of GCCs nationwide, followed by the BFSI (Banking, Financial Services and Insurance) sector, which holds a 17 per cent share.
Collectively, the Healthcare and Life sciences, Engineering and Manufacturing, Consulting Services, and Telecom and Media sectors contribute around 19 per cent to the overall number of GCCs in India, the report highlighted.
“India’s leading office markets continue to offer a compelling value proposition to GCCs, characterised by competitive costs, a highly skilled workforce, robust infrastructure, progressive policy incentives, and a conducive business environment,” said Shrinivas Rao, CEO, Vestian.
