Bengaluru rises as a leading hub for global capability centres in India
ECONOMY & POLICY

Bengaluru rises as a leading hub for global capability centres in India

Bengaluru has solidified its position as a prominent hub for Global Capability Centres (GCCs) in India, accounting for 36% of staffing firm TeamLease Digital’s total client base in the first two quarters of FY25, according to a recent report. The city is home to 37% of India’s high-tech talent pool, leading sectors like IT services and professional services, which includes Banking, Financial Services, and Insurance (BFSI) and consulting firms, contributing to 21% of the overall headcount.

Bengaluru’s influence is also extending into the manufacturing sector, representing 10% of the total talent headcount in this segment, driven by growth in automotive and electronics manufacturing.

The report highlights that after Bengaluru, the Mumbai-Pune region (31%) and Delhi NCR (22%) are emerging as other major hubs for GCCs. The Mumbai-Pune corridor has a strong presence in the automotive sector and is developing expertise in capital markets, data mining, predictive analytics, and big data frameworks. Meanwhile, Delhi NCR is witnessing a surge in high-tech and software-related GCCs, alongside contributions to the oil and gas industry, accounting for 6.5% of the GCC headcount.

Neeti Sharma, Chief Executive Officer, TeamLease Digital, commented on the sector’s robust growth, noting that healthcare, BFSI, and retail have recorded cumulative compound annual growth rates (CAGR) exceeding 30% between 2021 and 2023. This growth stands out against the backdrop of a broader downturn in the IT sector during the same period. Looking forward, the GCC Software & Internet sector is expected to reach a CAGR of 6.2% by 2027, while retail and e-commerce GCCs are projected to experience the strongest growth at 8.4% CAGR, followed by healthcare at 7.5%. (BusinessToday)

Bengaluru has solidified its position as a prominent hub for Global Capability Centres (GCCs) in India, accounting for 36% of staffing firm TeamLease Digital’s total client base in the first two quarters of FY25, according to a recent report. The city is home to 37% of India’s high-tech talent pool, leading sectors like IT services and professional services, which includes Banking, Financial Services, and Insurance (BFSI) and consulting firms, contributing to 21% of the overall headcount. Bengaluru’s influence is also extending into the manufacturing sector, representing 10% of the total talent headcount in this segment, driven by growth in automotive and electronics manufacturing. The report highlights that after Bengaluru, the Mumbai-Pune region (31%) and Delhi NCR (22%) are emerging as other major hubs for GCCs. The Mumbai-Pune corridor has a strong presence in the automotive sector and is developing expertise in capital markets, data mining, predictive analytics, and big data frameworks. Meanwhile, Delhi NCR is witnessing a surge in high-tech and software-related GCCs, alongside contributions to the oil and gas industry, accounting for 6.5% of the GCC headcount. Neeti Sharma, Chief Executive Officer, TeamLease Digital, commented on the sector’s robust growth, noting that healthcare, BFSI, and retail have recorded cumulative compound annual growth rates (CAGR) exceeding 30% between 2021 and 2023. This growth stands out against the backdrop of a broader downturn in the IT sector during the same period. Looking forward, the GCC Software & Internet sector is expected to reach a CAGR of 6.2% by 2027, while retail and e-commerce GCCs are projected to experience the strongest growth at 8.4% CAGR, followed by healthcare at 7.5%. (BusinessToday)

Next Story
Infrastructure Transport

Rail expansion and safety on parliamentary panel agenda

The parliamentary panel on railways has identified several key topics for discussion, including ""ensuring safety in Indian Rail operations,"" expanding the railway network in the North East and Union Territories, and developing a high-speed train network.Led by BJP MP C M Ramesh, the 31-member committee will also address issues such as improving public facilities at railway stations, boosting freight earnings, developing dedicated freight corridors, enhancing the passenger reservation system, and promoting railway-based tourism, according to an official bulletin.Safety has been a critical con..

Next Story
Resources

Ashwin Sheth Group's Rs 120 million giveaway with Kismat Ki Chaabi

Ushering in the festive season with grandeur, the Ashwin Sheth Group (ASG), a leader in luxury real estate, is launching its most exciting campaign yet— ‘Kismat ki Chaabi’, designed to celebrate the festive fervour of Durga Puja, Navratri and Diwali (it will run until Diwali). In this unique initiative, ASG will distribute 10,000 keys, from which four lucky keys will unlock four 2 BHK flats and others will unlock extraordinary prizes, including MG Windsor EVs, Bose Home Theatre Systems, return tickets to Amsterdam, and iPhone 16 units. With assured rewards exceeding Rs 120 million, ‘Ki..

Next Story
Resources

Mindspace REIT supports infrastructure enhancement at Yerwada Jail

Mindspace Business Parks REIT, owner and developer of a quality Grade A office portfolio located in four key office markets of India, strengthens CSR and Community Impact efforts through support towards infrastructure enhancement at Yerwada Central Jail, Pune. Aimed at addressing necessary infrastructure needs of both the staff and the jail’s 6,500 inmates, this initiative includes support in developing the following:A fully equipped primary health centre for improved medical careDrinking water storage tank with a filtration system, to ensure clean water accessChanging rooms and rest rooms f..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000