The Growth of Global Capability Centers

India is the undisputed GCC capital of the world. And continues to lead Global Capability Center (GCC) expansion strategies.

According to Zinnov and nasscom, the last 5 years have witnessed remarkable growth:

↗ 400+ new GCCs (+32% from 1285+ in FY2019 to 1700+ in FY2024)

↗ 1100+ new GCC units (+60% from 1850+ in FY2019 to 2975+ in FY2024)

These centers span a broad range of sectors and house some of the largest engineering teams outside their global HQs.

Notable examples include Wayfair, Airbnb, Delta Air Lines, H&M, and Hitachi Energy.

Walking through tech parks makes you notice any company you can think of.

But what’s driving this growth?

The surge is fueled by India's globally leading share in tech and engineering talent. GCCs are becoming crucial secondary hubs and laying groundwork for further market entries.

What are the opportunities?

I see GCCs as enabler and requirement for global businesses to

▶ Access a vast pool of engineering talent
▶ Tap into India's rapidly growing economy
▶ Create international synergies and foster partnerships

As India is set to become the world's third-largest economy, it offers multifaceted opportunities. Business leaders should and will capitalize on this growth. Corporate Real Estate teams, take note!

“Skate to where the puck is going to be, not where it has been.”

How do you see India's potential impacting your industry? Share your thoughts!



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Sources: Zinnov nasscom report , Interview on report

Link to original LinkedIn Post.

India, Real Estate, GCC, Technology, Innovation