Mumbai, March 12 (IANS) As India’s GCCs evolve from being identified as back offices to becoming innovation hubs, the workforce remains predominantly young, with 93 per cent of employees belonging to Gen Z and millennial cohorts — intensifying the war for talent and reinforcing the importance of strong workplace culture in attracting and retaining future-ready skills, a report showed on Thursday.India continues to strengthen its position as the global hub for Global Capability Centres (GCCs)…
Latest Global Capability Centres News & Updates
Amaravati, March 4 (IANS) Andhra Pradesh Chief Minister N. Chandrababu Naidu said on Wednesday that the coalition government has restored investors’ confidence in the state and revived the Brand Andhra. Speaking in the Assembly, the Chief Minister said that between 2019 and 2024, the brand AP was severely damaged. According to the RBI report, 913 companies shut downbetween 2019-20 and 2023-24.He claimed that under the present coalition government, Andhra Pradesh has become the destination f…
Hyderabad, Feb 17 (IANS) Telangana Chief Minister A. Revanth Reddy said on Tuesday that Hyderabad has the potential to rise from global vaccine capital to become global life sciences capital. Inaugurating BioAsia 2026 along with IT & Industries Minister D. Sridhar Babu, he stated that the annual event stands as proof of Hyderabad’s success as a life sciences hub.He expressed confidence that BioAsia would soon be recognised on the lines of the World Economic Forum organised in Davos.The Chief…
New Delhi, Jan 29 (IANS) India’s steady rise as a key player in global trade is evident in its increasing share of both global merchandise exports and commercial services exports, said the Economic Survey 2025-26 released on Thursday.According to the WTO’s World Trade Statistics, between 2005 and 2024, India’s share of global merchandise exports has nearly doubled, rising from 1 per cent to 1.8 per cent.Similarly, its share in global commercial services exports has more than doubled, risin…
Mumbai, Jan 28 (IANS) Global institutional investors are set to deploy $144 billion into commercial real estate in 2026, marking a clear rebound in investment activity, and India is emerging as an increasingly relevant destination for global capital seeking scale, income visibility and long-term growth, a report showed on Wednesday.Knight Frank’s latest ‘Active Capital Survey’ revealed that 87 per cent of investors (by AUM) intend to increase direct commercial real estate investment in 202…
New Delhi, Jan 24 (IANS) India’s office market is set to outperform the Asia‑Pacific region in 2026, with prime office rents forecast to grow 7-10 per cent, a report has said.The report from real estate services firm Knight Frank stated that India has emerged as the region’s growth engine, showing early signs of stabilisation after two years of rental declines.The growth is supported by strong leasing momentum, the expansion of Global Capability Centres (GCC), and rising demand for high-qu…
Hyderabad, Jan 21 (IANS) Telangana Chief Minister A. Revanth Reddy has proposed to host a follow-up meeting of the World Economic Forum (WEF) every July in Hyderabad. The proposal received unanimous support from global business leaders and policy makers during the ‘Join The Rise’ event held in Davos, according to the Chief Minister’s Office (CMO) here.Stating that one year is a very long time for follow-ups in modern business cycles and making investment decisions, the Chief Minister proposed …
Davos, Jan 20 (IANS) Gujarat Deputy Chief Minister Harsh Sanghavi said on Tuesday that India’s voice today carries a strong influence on the global stage, as the country participates in the World Economic Forum with its largest and strongest delegation so far.Speaking to IANS on the sidelines of the World Economic Forum, Sanghavi said he is closely observing how the Indian Government is actively supporting all states in attracting investments.“The level of cooperation extended by the Centre …
New Delhi, Jan 19 (IANS) Global Capability Centres (GCCs) emerged as the primary growth driver of India’s office market in 2025, accounting for 45 per cent of the total pan-India absorption, up from 41 per cent in 2024, a report showed on Monday.In absolute terms, GCC-led absorption reached 34.9 million square feet, registering a 20 per cent year-on-year increase, said the Vestian report.The report further stated that strong demand from GCCs, supported by a favourable policy environment and re…
Mumbai, Jan 13 (IANS) The year 2025 established yet another new record for the India’s office market with 83.3 million square feet of gross leasing volumes for the full year, according to a report released on Tuesday.With global firms accounting for a robust 58.4 per cent share, India’s position as a strategic business hub offering genuine structural tailwinds was reaffirmed during a period marked by global uncertainties, said the JLL report.The cities of Bengaluru, Hyderabad, Pune, and Mumbai r…