India dominates Global Capability Centres (GCCs) market, now home to 1,800 centres across 240 million sq. ft.

India is emerging as a prominent destination for Global Capability Centres (GCCs), driven by a robust talent pool and supportive government policies. Currently, over 1,800 GCCs have been established by more than 1,400 unique global occupiers, with over 100 new centres launched in the past two years since 2022, according to data from JLL India. These centres currently occupy more than 240 million sq. ft. of Grade A office space across key cities, including Mumbai, Delhi-NCR, Kolkata, Bengaluru, Pune, and Chennai. This footprint is expected to expand to over 2,300 GCCs, covering more than 280 million sq ft by 2026-27, signalling a new expansion phase in India's business landscape.

The transformation of India from a cost-saving destination to a strategic innovation hub is reshaping the global business environment. Recent leasing activity underscores the GCC sector's growth, with GCCs leasing an impressive 35.2 million sq ft of office space in the last 18 months. Bengaluru, Hyderabad, and Chennai captured 75% of this activity, reflecting the region's appeal due to its world-class infrastructure and deep talent pools. Currently, the GCC landscape is dominated by Manufacturing, Information Technology/Information Technology Enabled Services (IT/ITeS), and Banking, Financial Services, and Insurance (BFSI), which account for approximately 78% of the occupied area. As GCCs transition into innovation hubs, India's influence in global business transformation and digital advancement is set to strengthen, reinforcing its status as a leading global destination for GCCs.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.