Episode 15: India’s GCCs: Powering Ahead with Record Growth and Innovation
India’s Global Capability Canters (GCCs) are transforming into strategic R&D powerhouses, driving innovation and growth in the country. Here’s a snapshot of the latest developments: GCCs Evolve into R&D Hubs:…
India’s Global Capability Canters (GCCs) are transforming into strategic R&D powerhouses, driving innovation and growth in the country. Here’s a snapshot of the latest developments:
GCCs Evolve into R&D Hubs: India’s GCCs have moved beyond cost arbitrage to become strategic global R&D centers, with Engineering Research & Development (ER&D) driving growth.
Assent Expands into Pune: Assent Inc. is setting up an Innovation & Technology Centre in Pune to drive regional product innovation, advanced analytics, and AI insights.
Record Growth: Despite economic uncertainty, India’s GCCs have delivered stellar performance, with office space leasing surging 30.8% year-on-year in H1 2025.
Emerging Cities: GCCs are expanding into emerging Indian cities like Chandigarh, Jaipur, Lucknow, and Coimbatore, driven by cost efficiency, access to talent, and improving infrastructure.
New Innovation Campuses: Andhra Pradesh is building a GCC innovation campus in Visakhapatnam, expected to create over 10,000 jobs, while Eisai Pharma plans a GCC in the city focused on digital transformation and healthcare technology.
