All posts tagged: GCCs

GCCs drive India’s office market to record first-quarter leasing

GCCs drive India’s office market to record first-quarter leasing

Published by Webster

India’s office market started 2026 on a record-breaking note, with Global Capability Centres (GCCs) driving historic leasing of 9.1 million square feet (sq ft) in the first quarter (January–March), according to the ‘India Office Figures Q1 2026’ report by leading international property consultancy CBRE South Asia Pvt Ltd. GCCs, also known as captive centres, are in-house offshore units set up by multinational corporations to handle high-value functions such as information technology (IT), research and development (R&D), analytics, digital engineering, and innovation. The strong performance pushed overall office absorption to approximately 20.7 million sq ft in Q1 2026 — the highest ever for any first quarter — marking a 5 per cent year-on-year rise from 19.7 million sq ft in Q1 2025. The numbers underline the sector’s resilience amid steady occupier demand. GCCs dominate leasing GCCs accounted for 44 per cent of total office absorption in Q1 2026. Bengaluru and Hyderabad emerged as dominant hubs, contributing 48 per cent and 19 per cent of GCC leasing, respectively, while Delhi-National Capital Region (NCR) accounted for 14 per …

Rising Bharat Summit | From Back-Offices To Nerve Centres: How GCCs Are Anchoring India’s Global Ambitions | India News

Rising Bharat Summit | From Back-Offices To Nerve Centres: How GCCs Are Anchoring India’s Global Ambitions | India News

Published by Webster

Last Updated:February 27, 2026, 17:27 IST 65% of GCCs have already experimented with or fully rolled out AI pilots, a discussion at the summit revealed The summit brings together leaders, policymakers, and industry voices to shape a future powered by India’s own resolve and ambition. Image/News18 The narrative of India as a mere “back-office” for global corporations has been firmly dismantled at the News18 Rising Bharat Summit 2026. During a high-impact session titled “GCCs Ahoy! All roads lead to India”, industry leaders gathered at Bharat Mandapam in New Delhi on February 27 to map out the meteoric rise of Global Capability Centres (GCCs). The discussion underscored a fundamental shift: India is no longer just providing labour; it is now the strategic “nerve centre” where high-end R&D, autonomous vehicle technology, and AI-first products are conceived and owned. Karan Virwani, Chairperson, MD, and CEO of WeWork India, provided a striking metric for this growth, noting that GCCs now drive 40% of the Indian commercial real estate market. However, the physical expansion is merely a shadow of the intellectual …

Budget 2025: Tech in Focus With Framework for GCCs, New ‘Fund of Funds’ for startups, CoE for AI

Budget 2025: Tech in Focus With Framework for GCCs, New ‘Fund of Funds’ for startups, CoE for AI

Published by Webster

New and emerging technologies were in focus in the Union Budget, as Finance Minister Nirmala Sitharaman announced a national framework for Global Capability Centres (GCCs), Rs 500-crore Centre of Excellence in AI for education, and said a deep tech ‘Fund of Funds’ will be explored to catalyse the next generation startups. A new Fund of Funds, with expanded scope and a fresh contribution of additional Rs 10,000 crore is also on anvil. A national framework will be formulated as guidance to states for promoting Global Capability Centres in emerging Tier-2 cities. This will suggest measures for enhancing availability of talent and infrastructure, building byelaw reforms, and mechanisms for collaboration with industry. “I had announced three Centres of Excellence in Artificial Intelligence for agriculture, health, and sustainable cities in 2023. Now a Centre of Excellence in Artificial Intelligence for education will be set up with a total outlay of Rs 500 crore,” Sitharaman said. Startups have a reason for cheer also as a new ‘Fund of Funds’ with expanded scope and a fresh contribution of additional …

40 Life Sciences firms with GCCs in Hyderabad to work as a consortium, shape industry ready talent

40 Life Sciences firms with GCCs in Hyderabad to work as a consortium, shape industry ready talent

Published by Parlour News

The logo of a consortium of Life Sciences firms with GCCs in Hyderabad, was launched by Telangana IT and Industries Minister G. Sridhar Babu at the AI in Healthcare Summit held in Hyderabad on Monday (November 18, 2024). | Photo Credit: By Arrangement Forty Life Sciences firms with global capability centres (GCCs) in Hyderabad have agreed to work as a consortium on a suggestion of Telangana government for helping create a pipeline of industry ready candidates. Agenda The Life Sciences GCC consortium has been formed to enable dialogue to ensure healthy competition, contribute to shaping curriculum of core science courses where there is an overlap of technology as well as train and onboard industry ready candidates, Industries and IT Minister D.Sridhar Babu said. This follows the State government’s appeal to the GCCs to consider forming a consortium on the lines of one such facilities of Banking, Financial Services and Insurance (BFSI) industry in Hyderabad had set up, the Minister told media on the sidelines of AI in Healthcare Summit in Hyderabad on Monday (November …