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The Latest Breaking News from GCCs

GCCs may account for nearly half of India's office leasing in 2026: Report

India's office market has remained resilient, with GCCs strengthening their role in leasing activity. During the first half of 2026, GCCs leased 16.6 million square feet of Grade A office space, accounting for 46% of total office leasing across the top seven cities, the report said.

The Economic Times

Time to score own goals: India's GCCs create world-class research, but rarely own the IP that generates future wealth

India's innovation challenge lies in foreign ownership of research assets. Global Capability Centers generate significant revenue but do not accumulate Indian assets. Research performed in India is often sold as a service, with IP ownership residing abroad. This model generates export receipts but lacks compounding asset growth for the nation.…

The Economic Times

India wants to lead, not just host, GCCs: Nirmala Sitharaman

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is…

The Economic Times

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Tier 2 cities emerge as next frontiers for India's growing GCC ecosystem

Rajeshwar Singh Jenwar, Director and HoD, Software Industry Promotion Division, Ministry of Electronics and Information Technology (MeitY), said India's GCC (global capability centre) ecosystem has witnessed remarkable growth over the past five years.

The Economic Times

Skilling vital in India's goal of becoming AI solutions capital: IT Secretary

Speaking at the CII GCC Business Summit, Krishnan noted that the deployment of AI in enterprises is still lagging across the world, not just in India, presenting an opportunity for GCCs here to play a critical role.

The Economic Times

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times

AI penetration doubles in India's retail GCCs, but senior talent remains scarce

Artificial intelligence penetration in India's retail Global Capability Centres (GCC) has doubled, yet AI professionals still represent fewer than one in 20 employees, according to a report by TeamLease Digital. The findings highlighted a stark capability mismatch even as India scales its presence globally, holding 180 centres and over 270,000…

The Economic Times

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India's office leasing hits record as multinationals expand despite global uncertainty

In the first half of 2026, India's office market saw unprecedented growth, with a staggering 45.5 million square feet leased. This remarkable rise was propelled by multinational firms, especially those enhancing their Global Capability Centres, contributing to 43% of total leasing. Despite global challenges, India stands out as an attractive…

The Economic Times

No vacancy at home: Worsening job market greets H-1B returnees

Indian tech professionals returning from the US, including H-1B visa holders, face a challenging job market back home. Layoffs at major US tech firms have led to a surge in returnees, overwhelming limited openings. While some opportunities exist in GCCs and startups for experienced professionals, securing roles with comparable US…

The Economic Times

PE firms, mid-market companies drive India’s new GCC wave

India's Global Capability Centre (GCC) landscape is shifting, with private equity-backed and mid-market firms now driving significant expansion. These companies are leveraging GCCs beyond cost savings to build advanced capabilities in AI and engineering, creating substantial value for their portfolios. This trend signifies a maturing strategy for PE firms, moving…

The Economic Times

PE firms join GCC boom, push portfolio companies to set up captive centres

Private equity-backed firms are increasingly establishing Global Capability Centres (GCCs) in India, moving beyond cost savings to build AI, engineering, and product capabilities. This trend signifies a shift from large corporations to mid-market companies leveraging GCCs as a strategic value-creation tool for portfolio companies.

The Economic Times

India has wide AI talent gaps in deployment, governance, security: Quess report

India faces significant AI talent gaps in deployment, governance, and security roles, with GenAI deployment showing the widest deficit. While the country boasts the second-largest AI talent pool globally, the demand is shifting towards production-ready skills, particularly in the three-to-five-year experience band, as AI becomes a horizontal capability across industries.

The Economic Times

Expanding GCCs bring in more value vs new entrants

India's global capability centre ecosystem is witnessing a convergence of greenfield and brownfield activities around capability-led work. New centres are increasingly established with engineering and product development charters from inception, shrinking the time to maturity. This shift signifies a move from execution hubs to value creation engines.

The Economic Times

Zepto's market position; TCS' AI verdict at AGM

Zepto pulls ahead of Swiggy Instamart on orders, but heavy burn continues. This and more in today's ETtech Top 5.

The Economic Times

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The Economic Times

India a major growth market for Celonis, says senior exec

The Germany-based company said it already serves 260 global capability centres (GCCs) in India, counting companies such as Mercedes-Benz, Hitachi Energy and AstraZeneca as its clients, and sees a larger opportunity ahead as enterprises try to connect AI systems with operational data spread across departments and software systems.

The Economic Times

TCS forms business unit to help MNCs set up GCCs

Tata Consultancy Services has launched a new business unit, Global Value & Innovation Centres, to assist enterprises in establishing and managing global capability centres (GCCs). This unit will focus on creating "AI-native GCCs" and transforming existing ones, offering services across the entire lifecycle from strategy to AI-led operations.

The Economic Times

GCCs outpace IT services in tech hiring, driving AI & cloud talent

Global capability centres are now adding more employees than IT services firms in India. This trend shows a shift in how advanced technology talent is developed. GCCs are becoming key for AI and cloud roles. This expansion is reshaping the GCC enabler ecosystem. IT services firms still employ more people…

The Economic Times

The great $100-billion tech shift: GCCs tighten grip on India’s talent market

India's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driven by multinational corporations' need for control over IP, data, and AI. With a deep talent pool and higher compensation, GCCs are becoming the primary engine for specialized tech talent absorption, reshaping India's…

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The Economic Times

India's brain-gain moment may be starting with a crack in the American dream

As green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally experienced professionals. Experts say GCCs, AI, semiconductors and product firms could absorb returning talent, though compensation gaps and ecosystem challenges remain.

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

India's GCC model shifts from cost to capability as AI, talent strains bite

India's dominance in global capability centres is evolving. These hubs are now integrated, managing complex functions beyond support. Rising costs and talent shortages present challenges. Artificial intelligence is poised to reshape operations, demanding adaptation. India's future edge depends on its ability to adjust to these changes and global competition.

The Economic Times

GCCs switching to smart workflows as AI gobbles up procedural grunt work

Industry experts said AI is shrinking junior-level workflows, reducing standalone procedural functions and pushing multinational companies to redesign the kind of work handled by their India centres. Early industry estimates suggest nearly 18% of India’s GCC work still sits in commoditised, process-heavy functions that are increasingly being automated, embedded into…

The Economic Times

Awfis Q4 profit doubles, revenues up 20% YoY on GCC boom and AI-led expansion

Co-working spaces remained the company’s biggest revenue contributor, accounting for more than 83% of operating revenues. Income from the segment rose 26.8% on-year to Rs 341.5 crore in Q4 FY26 from Rs 269.3 crore in the year-ago period. The construction and fit-out projects business contributed Rs 68.6 crore during the…

The Economic Times

Global firms rethink GCC hiring in India as AI shifts skill demand

Global firms in India are hiring cautiously. Artificial intelligence is changing job roles, making it harder to find talent with advanced tech skills. Companies seek specialized expertise in AI and cybersecurity. Entry-level positions may shrink as AI handles routine tasks. Re-skilling programs and university partnerships are underway to bridge the…

The Economic Times

MNCs turning flex spaces as main hubs as GCC story deepens

Global capability centres are transforming India's office space market, shifting from temporary entry points to strategic, long-term operating hubs. These centres are increasingly opting for flexible workspaces, signing larger and longer-duration deals, and demanding bundled services beyond just office space.

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