GCC Leasing in India Rises

29 May 2024 CW Team

Leasing by Global Capability Centres (GCCs) in India has surged by 17% in FY24. This substantial growth underscores India's growing importance as a hub for global corporations seeking to establish and expand their back-office operations. The increased leasing activity is primarily driven by the need for cost-efficient locations and access to a large, skilled workforce.

Several cities, including Bangalore, Hyderabad, and Pune, have emerged as prime destinations for GCCs. These cities offer robust infrastructure, favourable business environments, and a rich talent pool. Bangalore, often referred to as the Silicon Valley of India, continues to lead in attracting GCCs due to its advanced IT infrastructure and established ecosystem of tech firms and start-ups.

The rise in leasing activity also highlights a broader trend of global companies looking to diversify their operations and reduce dependency on single regions. By establishing GCCs in India, companies can mitigate risks associated with geopolitical tensions, economic downturns, and other disruptions in their home countries. Additionally, the favourable exchange rates and government incentives further bolster India?s appeal.

The leasing trend is expected to continue its upward trajectory, with more companies planning to set up GCCs to leverage India's strategic advantages. The availability of Grade A office spaces and the proactive measures taken by real estate developers to cater to the specific needs of these centres are pivotal factors contributing to this growth.

In conclusion, the 17% increase in GCC leasing in India during FY24 is a testament to the country's strategic importance in the global business landscape. With ongoing investments in infrastructure and talent development, India is well-positioned to attract more GCCs in the coming years, driving further economic growth and job creation.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..