Now Reading: State GCC policies target 11.8 lakh jobs, 1,380 centres by 2031
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State GCC policies target 11.8 lakh jobs, 1,380 centres by 2031
India's state-level policies for Global Capability Centres (GCCs) aim to create 11.8 lakh new jobs and nearly 1,380 centres by 2029-31, the property consultant CBRE said in a report. GCCs have already…
The Story in Brief
India's state-level policies for Global Capability Centres (GCCs) aim to create 11.8 lakh new jobs and nearly 1,380 centres by 2029-31, the property consultant CBRE said in a report. GCCs have already leased more than 123 million square feet across the country's top nine cities between 2022 and the first half of 2026.
Currently, 94 per cent of India's 2.36 million GCC professionals work in six tier-I cities, Bengaluru, Hyderabad, Chennai, Delhi-NCR and Pune. The next phase of growth is expected to extend into tier-II and tier-III cities through hub-and-spoke models driven by lower costs and policy incentives. Technology, banking and finance, and engineering accounted for 61 per cent of GCC leasing. Centres are also moving beyond back-office functions into research, artificial intelligence, cybersecurity and product development.
The Indian Opinion
The narrative that state GCC policies will single-handedly transform tier-II cities overlooks the hard truth: 94 per cent of professionals still cluster in six tier-I hubs. The report itself warns that incentives alone are not enough, faster execution, infrastructure, and talent pipelines in emerging cities will decide. The real test is not how many policies are announced, but how many centres actually open outside Bengaluru or Hyderabad by 2027.
Sources (2): thehindubusinessline.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
