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GCCS IN INDIA 2023
Tap-and-pay takes off; ADIA to trim Lenskart stakeHappy Thursday! Tap-and-pay card usage is on the rise in India despite UPI's dominance. This and more in today’s ETtech Morning Dispatch.- Incuspaze eyes Rs 100 cr from iKeva buyiKeva has a portfolio of 18 workspace centres covering 500,000 sq ft across Hyderabad and Bengaluru, which it aims to double this fiscal ye...
- The great $100-billion tech shift: GCCs tighten grip on India’s talent marketIndia's Global Capability Centres (GCCs) jobs: India's Global Capability Centres (GCCs) are rapidly outpacing traditional IT services, driv...
- India's brain-gain moment may be starting with a crack in the American dreamAs green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally e...
- Table Space adds 5 lakh sq ft in Hyderabad amid rising GCC demandTable Space has significantly expanded its Hyderabad presence by adding nearly 500,000 square feet of workspace. This growth is fueled by i...
- Skyroot, a newborn unicorn; AI pay gap growsSkyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5.
- Flexible workspace firms clinch big deals in Q4Flexible workspace operators secured major office deals in the March quarter. Smartworks and WeWork led with substantial space leases acros...
- Office market stabilising; vacancies to decline marginally, rents to rise: NuvamaOffice space vacancy in India is set to decrease slightly. Rental growth will improve as demand and supply trends balance. New office space...
- Iran conflict and global risks slow GCC expansion in IndiaGlobal geopolitical tensions are slowing new technology centre openings in India, with a dip in brownfield expansions due to macro uncertai...
- Volatile geopolitics slows GCC in MarchGlobal geopolitical tensions are impacting new technology center openings in India. While the number of new centers slowed, existing ones a...
- Former General Catalyst partner Priya Mohan joins JoulesToWatts as COOPriya Mohan, former General Catalyst partner, has joined JoulesToWatts as chief operating officer. She will lead full lifecycle of J2W’s AI...
- India’s office vacancy drops to 13.85% in Q4FY26, lowest since pandemic amid strong leasing demandOffice vacancy in India's top cities has reached its lowest point since the pandemic. This is due to companies returning to offices and Glo...
- Indian flexible workspace sector crosses 100 mn sq ft; eyes $10 bn valuation by 2028India's flexible workspace sector has surpassed 100 million sq ft. It is projected to reach a $9-10 billion valuation by 2028. Operators ar...
- Indian GCC talent taking up global leadership positions at a faster clipGlobal capability centres (GCCs) in India are moving up the corporate ladder, with nearly 20% of such centres enjoying real strategic autho...
- GCCs expected to absorb 26 million sq ft office space in India by 2027Transaction activity has climbed by 16% since 2018, with GCCs finalizing 6,667 office leasing deals across eight major cities over the past...
- The rise of the GCC ecosystem in IndiaA new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs esta...
- GCC’s share in GDP to double by 2030 with a size of $100 billionThe share of global capability centres (GCCs) in India’s GDP is expected to double to 2% by 2030, according to a note shared by ICICI Secur...
- Global capability centres lease 17% more space in FY24Global capability centres (GCCs) increased their space usage by 17% in FY 2023-24, reaching 22.5 million sq ft, driven by engineering, BFSI...
- Over 46% office space leases in India by offshoring industry, Knight FrankIndia's offshoring market dominates office space leasing, comprising 46% of total leasing in 2023, led by global capability centers (GCCs)....
- GCCs expanding out of Bengaluru with 55 pc set up in other Indian locations: reportTier-II cities such as Vadodara, Nasik, and Coimbatore saw the expansion of centres for established GCCs in verticals such as industrial, f...
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