Hyderabad has captured imagination of firms setting up GCCs
From superior infrastructure, talent pool, ecosystem, comparatively lower cost of operations to a responsive government, the value proposition that Hyderabad offers has helped the city attract a large number of GCCs over the last three years, said Jayesh Ranjan, Special Chief Secretary to Youth Advancement, Tourism and Culture Department.
Seeking to drive home how the city has emerged a preferred destination for global companies, he said 'not a single week passes that we do not get into a serious GCC engagement... either the decision making leadership comes for a due diligence visit or we are making an announcement or inaugurating a new GCC office. On some days there are two or more such engagements.'
Addressing the Conclave hosted by The Leadership Federation, he said compared to Bengaluru rentals, cost of living as well as talent besides rate of attrition are lower in Hyderabad, he said. Talent pool, innovation ecosystem and forum of GCCs are other aspects aiding the growth of the city as the hub. The government is continuously exploring what's next by proactively planning to address the challenges that accompany development. Several new IT parks are currently under development, including Neopolis, which is set to be on a par with Mumbai's Bandra-Kurla Complex (BKC) regarding infrastructure and scale, Mr. Ranjan said.
In a release, the organisers of the Conclave said senior leaders from global enterprises, government, academia and innovation hubs participated in the programme centred on the evolving role of India's GCCs, how the facilities are transitioning from traditional support functions to becoming engines of enterprise innovation, value creation and economic growth.
'India has the opportunity to cement its position as a global hub for innovation and excellence through a modern Global Capability Center network powered by AI,' said Paul Roehrig, Chief Strategy and Marketing Officer of Ascendion.
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