+
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 Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?