Telangana to Transition from GCCs to GVCs: IT Minister Sridhar Babu
Telangana is evolving from merely serving as a back office for global companies to becoming a centre for innovation, advanced technology, and intellectual property development. At the 32nd Hyderabad Software Enterprises Association (HYSEA) National Summit & Awards, Telangana’s IT minister, Sridhar Babu, outlined a bold vision to shift from Global Capability Centers (GCCs) to Global Value Centers (GVCs), strengthening Hyderabad’s position in the global technology landscape. “Over the past few years, GCCs have made Hyderabad a key technology and business hub. Now, we must take the next step—moving from service delivery to value creation, from execution to innovation,” Babu said. “Hyderabad will not just be a preferred destination for global enterprises; it will become essential to the future of technology.” According to government data, the city’s IT sector is growing at 13% annually, with $32 billion in exports and $5 billion in domestic IT output. With a $186 billion GDP, Telangana aims to contribute $1 trillion to India’s economy in the next decade by leading in AI, semiconductors, defense technology, and deep-tech innovation. Hyderabad already hosts 1,500+ tech firms, 1.5 million IT professionals, and 300,000 AI engineers, making it one of the fastest-growing tech hubs globally. The HYSEA National Summit & Awards, organised by HYSEA and Software Technology Parks of India (STPI-H), is Telangana’s leading IT industry event. This year’s theme, “AI & Beyond: Redefining the Future,” highlighted Hyderabad’s role in AI-driven transformation. As Telangana focuses on AI in governance, semiconductor research, and deep-tech skills, the shift from GCCs to GVCs will help attract more global investments and establish Hyderabad as a leader in next-generation technology.
“Over the past few years, GCCs have made Hyderabad a key technology and business hub. Now, we must take the next step—moving from service delivery to value creation, from execution to innovation,” said IT minister Sridhar Babu.
"Over the past few years, GCCs have made Hyderabad a key technology and business hub. Now, we must take the next step—moving from service delivery to value creation, from execution to innovation," said IT minister Sridhar Babu.
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Shalini is a senior tech journalist, exploring the latest advancements in AI. When she's not reporting on the latest innovations, you can find her immersed in her next literary adventure.