Airbus Leases 650,000 Sq Ft Office Space in Bengaluru for GCC

20 Dec 2024 CW Team

Global aerospace and defense giant Airbus has leased over 650,000 sq ft of office space in Bengaluru’s Whitefield area for a 10-year term. This space will be used to establish Airbus' Global Capability Centre (GCC), which will focus on driving strategic innovation and technology development. The lease agreement with Titanium Tech Park includes an option to expand the space by an additional 150,000 sq ft after one year, with the potential for a 15-year lease term.

The deal involves a rental commitment of over Rs 5 billion over the lease period. Airbus’ growing presence in India is part of its strategic expansion in the region, with India being a crucial market for both civil aviation and defense. The company has partnerships with Indian suppliers like Tata Advanced Systems and HAL for aircraft production and has secured large orders from Indian airlines such as IndiGo and Air India.

India's office market is witnessing record demand driven by Global Capability Centres (GCCs) and expanding companies, with robust growth expected in the coming years. The government is also working on policies to incentivize GCCs, particularly in smaller towns and cities, ensuring long-term growth in the office space sector.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..