GCC Surge 1,800+ Centres Occupy Over 240 mn sq. ft, With 35.2 mn sq. ft Leased In 18 Months
In a testament to India's growing dominance in the global business landscape, the country has emerged as the undisputed leader in hosting Global Capability Centres (GCCs). According to JLL India, the subcontinent now has over 1,800 GCCs, serving more than 1,400 unique global corporations. This remarkable achievement is further amplified by the addition of over 100 new centres in just the past two years (since 2022), underscoring India's appeal to multinational giants seeking to optimize their global operations.
The GCCs now occupy more than 240 million sq. ft of Grade A office space across the country's top seven cities (Mumbai, Delhi NCR, Kolkata, Bengaluru, Chennai. Bengaluru and Pune). The "Silicon Valley of India," or Bengaluru, leads the pack, accounting for approximately 42 per cent of the total space occupied by GCCs. This concentration reflects Bengaluru's unparalleled tech ecosystem, world-class educational institutions, and cosmopolitan work culture that attracts top talent from across the globe. This unprecedented surge not only cements India's status as the premier GCC destination but also heralds a new era of growth and transformation in the country's business ecosystem. The GCC landscape in India is dominated by three key sectors: Manufacturing, IT/ITeS, and BFSI, which collectively represent about 78 per cent of the occupied area. This concentration reflects India's strengths in technology, finance, and industrial expertise, as well as the country's ability to support complex, high-value operations across these domains.
Looking ahead:
The future appears bright for India's GCC sector. GCCs account for approximately 50 per cent of active, ongoing space requirements across the top seven cities, signalling continued expansion and investment in the country. As GCCs evolve from cost-saving centers to transformation hubs, India's role in driving global business innovation and digital transformation is set to grow even further. This narrative of rapid expansion, regional concentration, and sectoral specialization paints a picture of India's GCC sector not just growing, but fundamentally evolving. With its vast talent pool, quality infrastructure, and supportive government policies, India continues to cement its position as the world's premier destination for Global Capability Centres, driving innovation and high-end capabilities for global corporations.
Source: timesproperty.com
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