GCC

News and Trends

GCCs in India to Lead Innovation and Shape Global Business Trends: Report

The country currently has over 1,700 GCC enterprises employing over 2 million professionals and is at a pivotal point in their development in transforming into strategic hubs, according to a report titled 'Pioneering Innovation In Global Capability Centers' by Avasant.

News and Trends

Talent, Digital Infra, Policy, and Startups Driving India's GCC Ecosystem

By leveraging its demographic dividend and evolving policies, India is uniquely positioned to become the preferred choice for global enterprises seeking scalability, resilience, and a future-ready operational base.

Technology

Indian GCCs Need to Build a Success Roadmap for the Future: Experts

Indian GCCs are a USD 65 billion business within the USD 254 billion IT sector in the country, employing 1.9 million people. Of this, Karnataka contributes 34 per cent to the GCC sector.

News and Trends

GCCs to Propel the Nation in R&D And Innovations: Kharge

In light of the fresh GCC policy unveiled by Karnataka's Chief Minister Siddaramaih, Kharge said that the state intends to attract as many as 500 new GCCs in the next 4-5 years with USD 50 billion dollars in investment.

News and Trends

Trump's Return May Spur Growth for Indian IT Services, GCC Sector

Indian IT services companies like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech get a lion's share of their revenue from US clients and any uptick in client spend directly boosts their topline.

Technology

Insuretech GCC Zinnia Bets Big on India for Tech Talent, Innovation

Zinnia is a product and technology organisation that is focussed on simplifying insurance. India is home to more than half of its total workforce of about 3,000.

Technology

GCCs Dominate India's Flex Office Market, Up 32% This Year: Knight Frank

Bengaluru dominates 41 per cent of GCC focussed flex space occupancy across eight markets in India, underscoring its status as a key tech and corporate innovations hub.

News and Trends

India's Innovation Landscape Set for Growth, Says Finance Minister

GCCs, primarily driven by multinational corporations, have seen rapid growth in India, with nearly 56 per cent of their revenue now coming from research and development (R&D) services.

Technology

Tier II-III Cities in India Become Pivotal in Scaling Up GCCs

GCCs are increasingly moving to tier-II cities due to factors like labour arbitrage, availability of human resources specially engineering talent, and cost factor

Technology

EPAM Systems Sees Robust Growth in India Driven by GCCs

India is a key talent hub for EPAM Systems with about 9,000 engineers based here out of its total headcount of about 50,000.

Growth Strategies

Riding The Wave: How Investors Should Tap Into The Growing Opportunity Presented By Venture Capital In The GCC

To take advantage, and contribute to the region's growing and diversifying economy, all types of investors need an investment strategy that fits their ambitions and capabilities.

Entrepreneurs

Vision Golfe 2024's Record Attendance Points To The Growing Economic Ties Between France And The GCC

More than 1,200 people came together for Vision Golfe 2024 which was designed to facilitate the creation of new businesses and foster the signing of more contracts.

News and Trends

India Likely To Start Free Trade Agreement With GCC

As per reports, India has already implemented a free trade pact with the UAE in May this year

News and Trends

Nykaa Joins Hands With Apparel Group To Expand In GCC Region

As per market studies, the market value of cosmetics products in the GCC was estimated at $6.9 billion in 2016 and it is expected to reach $13 billion in 2022

News and Trends

Qatar Financial Centre And Founder Institute Come Together To Strengthen Qatar's Business Ecosystem

The MoU records the intention of both parties to pursue areas of mutual collaboration, keeping in mind QFC's target sectors, which include digital, technology, financial services, and professional business services.