Now Reading: State GCC policies target 1.18 million jobs, 1,380 centres by 2029-31
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State GCC policies target 1.18 million jobs, 1,380 centres by 2029-31
State-level policies for Global Capability Centres (GCCs) in India aim to create 1.18 million new jobs and establish nearly 1,380 centres by 2029-31, according to a CBRE report. The report said GCCs…
The Story in Brief
State-level policies for Global Capability Centres (GCCs) in India aim to create 1.18 million new jobs and establish nearly 1,380 centres by 2029-31, according to a CBRE report. The report said GCCs leased over 123 million sq ft across top nine cities between 2022 and H1 2026. While Bengaluru, Hyderabad, Chennai, Delhi-NCR and Pune dominate, CBRE said geographic diversification into tier-II and tier-III cities is critical for long-term expansion. Around 94 per cent of India's 2.36 million GCC professionals are in six tier-I cities. The report noted that GCCs are moving beyond support functions into R&D, AI, and product development. Over half of India's GCCs are now portfolio and transformation hubs.
The Indian Opinion
Reports of state GCC policies promise a jobs bonanza, but the 94 per cent concentration of professionals in tier-I cities shows the gap is enormous. The hype around tier-II expansion often glosses over infrastructure and talent shortages that take years to fix. The real test will be whether the share of GCC professionals outside the six top cities rises significantly from the current 6 per cent by 2029.
Source: thehindubusinessline.com
This story was synthesised by AI from the source linked above.
