India Set to Host 620+ New GCCs by 2030: ANSR Report
ANSR, one of India’s leading Global Capability Centres (GCCs) enablers, released its Q3 GCC Report, which highlights India’s ascension as a global hub for GCCs. Over 450 Forbes Global 2000 companies operate 825+ GCCs across the country, employing more than 1.3 million professionals. The report predicts that by 2030, India could host 620+ additional GCCs, representing over 32% of Forbes Global 2000 enterprises. The robust GCC ecosystem in India thrives on its skilled workforce, supportive government policies, innovative startups, and a strong network of service providers. This combination positions India as a premier destination for global business innovation. Source: ANSR GCC Report Bengaluru leads as the top GCC hub, hosting over 285 companies and employing 560,000 professionals. Hyderabad follows with 110+ GCCs and 190,000 employees, attracting interest due to its infrastructure, talent availability, and business-friendly policies. Non-metro cities like Ahmedabad, Vizag, Trivandrum, and Coimbatore are also emerging as preferred destinations for cost-effective operations and access to untapped talent pools. The BFSI sector dominates, representing 18% of GCCs in India, followed by Manufacturing and Retail/CPG. Newly established GCCs are prioritising advanced digital capabilities, with 90% focusing on AI/ML and data analytics. Other priorities include cybersecurity (40%) and cloud capabilities (50%), signaling a shift towards innovation-driven operations. GCC leasing activity surged in Q3 2024, accounting for 44% of total office leasing in India. Bengaluru captured 62% of this demand, followed by Hyderabad at 15%. Companies like Walmart, Sanofi, NatWest Group, and Flutter Entertainment have been key players in this expansion, leveraging India’s talent pool and infrastructure. According to a report by CBRE, the year saw a gross absorption of 79.0 million sq ft, a 16% YoY growth. GCCs accounted for 37% of the total office leasing activity in 2024, solidifying their importance in India’s commercial real estate market. BFSI firms and technology companies contributed 44% of GCC leasing, showcasing their integral role in the office sector’s growth. Source: ANSR GCC Report GCCs are evolving from operational support roles to becoming integral in global decision-making, fostering innovation through collaboration and partnerships. They are also exploring non-metro cities in Karnataka, Tamil Nadu, and Uttar Pradesh to benefit from lower operational costs and a favourable business environment. Vikram Ahuja, co-founder of ANSR and CEO of Talent500, remarked, “Global Capability Centres are driving India’s growth story by leading the tech revolution across sectors through cutting-edge innovation. With a skilled workforce and emerging technologies like AI and cybersecurity, India is set to accommodate 620+ new GCCs by 2030, creating opportunities for over 1.9 million professionals.”
Bengaluru leads as the top GCC hub, hosting over 285 companies and employing 560,000 professionals.
The report predicts that by 2030, India could host 620+ additional GCCs, representing over 32% of Forbes Global 2000 enterprises.
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["Go", "GCC", "AI", "innovation", "ML", "Git", "RAG", "ViT", "analytics", "GCC india", "R", "T5"]
["AI", "ML", "analytics", "RAG", "R", "Go", "Git", "T5", "ViT", "innovation"]
Mohit writes about AI in simple, explainable, and often funny words. He's especially passionate about chatting with those building AI for Bharat, with the occasional detour into AGI.