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India Business News: India sees a rise in semiconductor GCCs, focusing on design, testing, validation. Bengaluru, Hyderabad key locations. Roles like ASIC design, RF testi ....
In the first quarter of 2024, India s commercial real estate market witnessed robust growth, fueled by multinational companies and global capability centers. Bengaluru and Hyderabad led leasing activity, with significant contributions from GCCs. Rents stabilized or grew, while vacancies declined to 15.8%, reflecting strong demand and limited new supply. Flexible office space operators also played a significant role, contributing 23% to total transactions. ....
India Business News: Bengaluru: Global capability centres (GCCs) in India are building a product mindset that underscores collective ownership of solutions and greater acc. ....
India Business News: Bengaluru: The share of global capability centres (GCCs) of foreign firms in total office space leased in India is steadily rising. ....
The firm says GCCs - technology and shared services arms of MNCs - have become a significant part of commercial real estate since the pandemic. In the decade prior to that, IT firms dominated. ....