GCCs grab 65% of office space leased in Bengaluru
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Time of India
a day ago
- Time of India
IT sector, GCCs emerging as drivers of Telangana's $ 1trillion economy goal
1 2 Hyderabad: The IT/ITeS sector, especially global capability centres (GCCs), have emerged as a key drivers of Telangana's vision to become a $1 trillion economy, Telangana special chief secretary for IT, Sanjay Kumar, said on Friday. "The govt continues its vision of driving towards a one trillion-dollar economy with IT/ITeS being the key driver, and we believe govts are not just regulators but co-creators of the future. We aim to transform Telangana from a premier IT hub into a global leader in emerging technology such as AI and Quantum through innovation and R&D engagement," Kumar said at the GCC X Summit organised by HYSEA and 3AI here. Pointing to Hyderabad's growing stature as a GCC hub, Sameer Dhanrajani, CEO, 3AI, said the city is giving stiff competition to traditional IT hubs like Bengaluru and attracted 70 GCCs in FY25 alone. He said this was also the reason why 3AI decided to bring the GCC X conclave, which is held every year in Bengaluru, to Hyderabad this year. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Talking about AI emerging as the new rallying cry for GCCs, Dhanrajani said: "Parent organisations are increasingly relying on these centres to drive both topline growth and bottomline efficiency. The rapid proliferation of GCCs in Hyderabad is a clear testament to the elevated, strategic work being delivered here." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click here for more information Undo HYSEA President Prashanth Nandella said Hyderabad continues to lead as a preferred destination for next-gen capability centres thanks to its vibrant IT research and innovation ecosystem, good future-ready infrastructure as well as proactive governance. The conclave saw GCC leaders from top companies such as McDonald's, Evernorth, Jaguar Land Rover, Metlife, Rakuten India, and Google, among others, participate along with several GCC enablement ecosystem players and academicians from top institutions.
The Hindu
a day ago
- The Hindu
IT services sector see hiring headwinds, GCCs hold firm: Report
While lay-off announcements from IT companies continue to cause concern among employees, the demand outlook for tech roles in August seems to be dull, as per a report by specialist staffing firm Xpheno. 'August's demand outlook in Tech is a notable 10% drop over openings in July 2025. The overall dip in tech hiring activity continues, with August 2025's outlook being 16% lower than last year's (August 2024) tech demand volume,' notes the Active Tech Job Outlook Report for the month of August 2025. The Active Jobs Outlook Report is a monthly job market monitoring publication from Xpheno. According to the report, the tech sector's current contribution to India's total active talent demand has dropped to 47%. Non-tech sector collective continues to hold the majority contributor status at 53%, after taking over from the Tech sector in October 2022. GCCs remain steady According to the report, demand from the IT Services companies looks at a 13% drop over the previous month's volume. The current demand is also lower by 21% compared to the demand a year ago in August 2024. 'The sustained headwinds and the rise of Global Capability Centres (GCCs) as a popular format of talent consumption continue to keep the IT Services cohort under pressure,' reads the outlook. The GCCs continue to hold firm, maintaining a steady 14,000 active openings for the month of August 2025. The active talent demand from GCCs has remained stable compared to the previous month. 'This underscores their growing dominance as a preferred model for talent deployment and capability building,' notes the report. Mid-senior openings account for 56% of all active openings and have registered a 6% drop in volume compared to the previous month. Opportunities for entry-level tech talent has also shown a month-on-month drop of 6%.
Time of India
a day ago
- Time of India
Ground impact: GCCs go enterprise, India becomes the epicentre of change
Bengaluru: As global capability centres (GCCs) position themselves to operate as the enterprise, India is emerging as the hub driving that transformation. The 25% tariffs could prompt US companies to invest more in GCCs to navigate challenges such as geopolitical risks, visa restrictions, and to leverage India's tech talent powerhouse. Arindam Sen, partner and GCC sector leader - technology, media & entertainment and telecommunications in EY India, said most global firms are adopting a wait-and-watch approach, keeping a close eye on how these trade dynamics evolve and whether they affect broader cost structures or investment flows. "For now, the India GCC play remains strong. The value proposition continues to be driven by talent depth, innovation capability, and operational maturity. That said, this environment does reinforce the need for GCCs to stay agile: to build optionality into their delivery models, deepen tech-led efficiencies, and remain tightly aligned to business priorities globally," Sen added. The rise of India as a dominant force in the GCC landscape is evident, with projections exceeding $100 billion by 2030, according to the EY India GCC Pulse Survey 2024. Additionally, these centres are poised to create over 2.5 million jobs across the country. Phil Fersht, CEO of HfS Research, said, "I do not believe these tariffs will impact purchases of professional services, and it may actually encourage more investment in GCCs from US corporations to avoid any cross-boundary issues. " You Can Also Check: Bengaluru AQI | Weather in Bengaluru | Bank Holidays in Bengaluru | Public Holidays in Bengaluru An HfS Research and KPMG report said that enterprises are no longer evaluating service providers based on traditional metrics. "Size, reputation, and cost competitiveness—the holy trinity of vendor selection—are giving way to a new priority: manoeuvrability. In a world where trade winds shift overnight, the real test for vendors isn't meeting today's specs—it's whether they've got the agility to pivot when tomorrow flips the script. " Everest Group founder and chairman Peter Bendor-Samuel said, "We have studied this extensively and we see no significant impact from these tariffs on the tech services industry. These tariffs are not on services which are very hard to tariff. There may be a smaller impact if India chooses to retaliate by increasing taxes on services delivered from India. The more you tax something, the less you get off it." The HfS and KPMG report said enterprises are prioritising automation and AI-enabled delivery for speed, resilience, and control. Half of the respondents said they're turning to automation to accelerate service delivery without increasing headcount. The report said this is not about chasing cheaper labour markets anymore. Enterprises are doubling down on delivery models where geography and headcount no longer dictate outcomes. "As a CTO of a Fortune 500 firm put it: 'We are not chasing the next low-cost country. We are chasing a model that doesn't care where the cost sits,'" the CTO was quoted in the report.
