Global Capability Centres News - Latest Updates & Headlines
Global Capability Centres to account for about 40% of office space absorption in 2025: CBRE
New Delhi, April 5: The Global Capability Centres (GCCs) are projected to account for about 35-40 per cent of the total office space absorption across the key cities in 2025, CBRE said in a report.
India's office market deals clock 74 per cent jump in Jan-March: Report
Mumbai, April 3: India's top eight office markets witnessed an unprecedented surge in transactions, reaching 28.2 million square feet (mn sq ft) in Q1 (Jan-March) 2025 -the highest ever recorded in a single quarter, according to a report released on Thursday by real estate firm Knight Frank India.
Global Capability centres' contribution to India's economy to reach 5 pc by 2030
New Delhi, March 28: The global capability centres (GCCs) are projected to contribute 5 per cent to India's economy by 2030, according to a report released on Friday.
GCCs lead BFSI sector's record commercial real estate leasing in India in last 3 years
Mumbai, March 24: Led by global capability centres (GCCs), the year 2024 marked a watershed year for the banking, financial services and insurance (BFSI) sector in India's commercial real estate, which leased 13.45 million square feet (sq ft), claiming a 17.4 per cent share of the annual leased space, a report showed on Monday.
GCCs in India poised for 9.8 pc salary hike this year, outpacing traditional IT sector: Report
New Delhi, March 19: Global Capability Centres (GCCs) in India are poised for a notable 9.8 per cent salary growth over the next 12 months, a report showed on Wednesday.
Delhi-NCR records 61 pc growth in net office absorption, GCCs lead
New Delhi, March 13: The Delhi-National Capital Region (NCR) office market recorded a 61 per cent year-on-year increase in net absorption at 9.5 million square feet in 2024, the highest among the top seven cities, a report showed on Thursday.
Salaries in India to increase by 9.2 pc in 2025, manufacturing and GCCs lead
New Delhi, Feb 19: Salaries in India are projected to rise by 9.2 per cent in 2025, and manufacturing sector and global capability centres (GCCs) are likely to have the highest pay increases, according to a new report on Wednesday.
Global Oil & Gas majors credit success of global capability centres to India's world-class talent pool
New Delhi, February 13: Leading global oil and gas companies endorsed India's evolution as a premier destination for their Global Capability Centres (GCCs), emphasizing the country's transformation from a cost-effective back-office location to a strategic hub for innovation and research and development.
Indian commercial office market hits record high, signals major transformation in 2025: FICCI-Colliers report
New Delhi, February 11: India's commercial office market is projected to reach new heights of 65-70 million square feet in 2025, according to FICCI-Colliers report.
Gujarat CM Bhupendra Patel launches Gujarat Global Capability Centre Policy (2025-30)
Gandhinagar, February 11: Gujarat Chief Minister Bhupendra Patel on Tuesday unveiled the Gujarat Global Capability Centre (GCC) Policy (2025-30) at GIFT City, Gandhinagar.
Global capability centres in India to generate 10 lakh jobs by 2030
New Delhi, Feb 5: India is leading the global capability centre (GCC) race and GCCs are expected to generate 10 lakh jobs in the country in the next six years, a report showed on Wednesday.
Strategic policy intervention needed for growth of Global Capability centres in India: Economic Survey
New Delhi, January 31: The Economic Survey, tabled in the parliament on Friday, advocated for a strategic policy intervention to maintain the momentum of Global Capability Centres in the country.
GCCs fuel record-breaking office leasing in India, to exceed 2,500 units in 3-4 years
Mumbai, Jan 29: Global capability centres (GCCs) fuelled record-breaking 77.2 million square feet office leasing in India, accounting for 36 per cent of total demand in 2024, according to a report on Wednesday.
India's strategic advantage in GCCs highlighted at WEF 2025
Davos, Jan 22: India's strategic advantage in Global Capability Centres (GCCs) was highlighted at a session organised by the Confederation of Indian Industry as part of the brainstorming at the WEF meet here on Wednesday.
Semiconductor design GCCs in India see 12% decline in job openings between Q1-Q3 of FY2025: Report
New Delhi, January 22: Semiconductor Design Global Capability Centres (GCCs) in India are witnessing a slowdown in hiring, as the open requisitions (job openings or vacancies) declining by 12 per cent between the first quarter (Q1) and third quarter (Q3) of financial year 2025, according to a report by Careernet, India's leading holistic talent solutions provider.
Telangana highlights skill development initiatives at CII Breakfast Session in Davos
Davos, January 22: Addressing the gathering at CII's breakfast session in Davos, D Sridhar Babu, Minister for Information Technology, Electronics & Communications, and Industries & Commerce, Government of Telangana, highlighted the state's commitment to skill development.
Leasing by Global Capability Centres hits an all-time high, crossing 29 mn sq ft in CY 2024
New Delhi, January 6: Leasing activities by the Global Capability Centres (GCC) hit all time high in 2024, at 2024 at 29.4 million square feet with a share of 37 per cent of the overall leasing activity across the top 9 cities in India and registering about 29 per cent year-to-year (Y-o-Y) growth, the CBRE South Asia Pvt. Ltd observed in a report.