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YOU WONT BELIEVE: Global capability centres - What They Never Told You

GCCs, tightening supply to keep India's office market on growth track: Equirus

India's commercial real estate market is expected to remain strong, supported by continued expansion of Global Capability Centres (GCCs), limited new office supply and rising demand for institutional-grade workspaces, according to a latest report by Equirus.

The Economic Times

H-1B visa fee hike may accelerate shift of US tech jobs to India-based GCCs: Former UN advisor Santosh Mehrotra

The proposed $103,265 H-1B fee could accelerate the movement of technology work from the US to India-based Global Capability Centres, economist Santosh Mehrotra said. Companies may increasingly access Indian talent from Bengaluru, Hyderabad, Chennai and NCR instead of moving workers to the US.

The Economic Times

52% of Indian GCCs plan to increase hiring in FY27, up from 47% last year: Survey

More than half of Global Capability Centres in India plan increased hiring next fiscal year. Hiring confidence has improved from the previous year's survey results. Companies face challenges finding quality talent and managing compensation increases. About 1.5 lakh new roles are projected to be generated in the coming fiscal year.…

The Economic Times

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Indian realty market remains divided amid affordability pressures and GCC-led commercial demand

The commercial real estate sector in India is witnessing robust demand for leasing and a decline in vacancy rates. Global Capability Centres are significantly contributing to office space absorption. Furthermore, flexible workspace operators are experiencing impressive revenue growth annually. This commercial vitality is advantageous for Real Estate Investment Trusts, which…

The Economic Times

Beyond assembly: Why India may need to move from scale to finesse in manufacturing

India’s manufacturing opportunity is shifting from scale and assembly to deeper capabilities, engineering and innovation.

The Economic Times

Karnataka CM Shivakumar announces India's first govt-driven AI University

Karnataka will establish India's first government-driven Artificial Intelligence University. An AI Hub will also be set up as an incubation centre for research. The state aims to become a global leader in responsible AI innovation. This initiative will build world-class AI talent and strengthen collaborations. Karnataka seeks to enhance its…

The Economic Times

Hiring in India in 2026: How Employer of Record services simplify compliance

India's burgeoning talent pool, now the third-largest globally, presents a strategic hiring challenge. With over two million professionals in Global Capability Centres, companies face complex compliance hurdles. Utilizing an Employer of Record (EOR) is crucial for foreign firms, managing payroll, taxes, and legal obligations without a local entity. This approach…

The Economic Times

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Embassy Developments to invest Rs 1,500 cr to build 3mn sq ft office space in Bengaluru: MD Aditya Virwani

Embassy Developments is investing Rs 1,500 crore to build a 3 million sq ft office complex in Bengaluru, aiming to boost rental income from commercial assets. This move complements their strong residential business, with plans to launch Rs 20,000 crore worth of homes this fiscal. The company sees robust demand…

The Economic Times

From diapers to drugs: How India's global corporate hubs are putting AI to work

Heads of several Global Capability Centres (GCCs) told Reuters they are deploying AI across a host of functions - from marketing and content creation to finance and human resources - to automate time-consuming, repetitive tasks that once ‌required hours ⁠of manual ⁠effort.

The Economic Times

Knowledge Realty Trust to invest Rs 700 cr to build 1.4 mn sq ft office space in Bengaluru

Knowledge Realty Trust plans a Rs 700 crore investment over three years for new office space in Bengaluru. The company is also actively seeking acquisitions to expand its business. KRT anticipates continued growth in key financial metrics. Demand for office space remains strong, particularly from Global Capability Centres. The firm's…

The Economic Times

The changing landscape of campus placements in Tamil Nadu

College placement concerns for 2023-24 academic year due to IT industry downturn and changing hiring trends.

The Hindu

Tamil Nadu Budget announces payroll subsidies to boost women workforce, Global Capability Centres

Tamil Nadu Budget 2024-25 offers payroll subsidies for women employment and high-paying jobs in new Global Capability Centres.

The Hindu

T.N. CM Stalin inaugurates Hitachi Energy’s biggest Global Technology and Innovation Centre in Chennai

Tamil Nadu Chief Minister M.K. Stalin inaugurated Hitachi Energy's largest Global Technology and Innovation Centre in Chennai. The Centre will house over 2,500 energy transition technologists and is equipped to execute over 1,000 projects a year. Mr. Stalin said the State is creating sector-specific parks and policies to attract investments…

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