Southern cities, including Bengaluru, Hyderabad, and Chennai, are expected to become the leading global capability centres (GCC) in 2025
Bengaluru, Hyderabad, and Chennai are all set to establish themselves as global centers of innovation, and the Southern cities are expected to dominate the Global Capability Center (GCC) scene by 2025. These cities, which were formerly renowned for cost arbitrage, have evolved into centers of excellence that draw GCC companies from a variety of sectors, including financial services, healthcare, and technology.
TOP INDIAN CITIES
- BENGALURU
- HYDERABAD
- CHENNAI
~ 60% of overall GCC leasing across the top six cities was in Bengaluru and Hyderabad in 2024.
KEY ANNOUNCEMENTS
McDonald’s has planned a new GCC in Hyderabad, creating 2,000 jobs
Marriott International is setting up its first Indian GCC to employ 300 skilled workers
Texas Instruments leased 550,000 sq ft, Bengaluru
Walmart plans 587,000 sq it GCC in Bengaluru
WHY SOUTH?
WHY IS GCC THRIVING IN SOUTH?
– Growing IT and tech environment
– Rental arbitrage
– Availability of diverse, talented professionals
– Well-developed infrastructure
– Attracts MNCs and significant investments
RENTAL RATES OF GCC HUBS
(for 2024 in /sq ft/month)
Bengaluru – 97.1
Pune – 81.9
Hyderabad – 76.7
Chennai – 71.8
Also read: Viksit Workforce for a Viksit Bharat
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