Latest news with #GlobalCapabilityCentre
Entrepreneur
a day ago
- Business
- Entrepreneur
First Citizens India Expands Operations with New Bengaluru Facility
The GCC's mandate covers the delivery of enterprise-grade solutions across core functions critical to the bank's infrastructure and customer engagement strategies You're reading Entrepreneur India, an international franchise of Entrepreneur Media. First Citizens India, the Global Capability Centre (GCC) of U.S.-based First Citizens BancShares, Inc., has opened a new office in Bengaluru, signaling a deepened commitment to India as a strategic operations hub. The announcement was made through a press release issued by the company. The Bengaluru facility features a collaborative and digitally enabled environment designed to support cross-functional teams and foster innovation. The move comes amid the bank's broader push to enhance digital transformation and operational resilience in response to evolving client expectations and market demands. Jeff Ward, chief strategy officer at First Citizens Bank, who is currently in India to mark the inauguration of the new site, noted the importance of the region in the bank's broader vision. "Our decision to expand our footprint in the established hub of Bengaluru allows us to strategically leverage the country's vast talent pool and directly support the long-term commitment to our enterprise vision," he said. The expansion reflects the growing role of India in supporting First Citizens Bank's global operations, particularly in areas such as technology, cybersecurity, finance, risk management, and enterprise operations. First Citizens India has played an increasingly vital role in this transformation journey, integrating the bank's relationship-driven service model into a high-performance global operations framework. The GCC's mandate covers the delivery of enterprise-grade solutions across core functions critical to the bank's infrastructure and customer engagement strategies. Satya Prakash Ranjan, country head and head of technology at First Citizens India, emphasized the dual role of the new office as a center for delivery and talent development. "As we continue to modernise and scale the bank's technology platforms, this facility and our local team give us the flexibility and environment needed to deliver enterprise-grade solutions across a variety of functions," he said. "We are hiring and welcoming colleagues to help us deliver business solutions based on the bank's shared values."
The Hindu
25-05-2025
- Business
- The Hindu
CRDA Commissioner visits New Delhi, seeks investments for Amaravati project
AP-Capital Region Development Authority (AP-CRDA) Commissioner K. Kannababu led a series of high-level meetings aimed at mobilizing investments for the construction of capital city Amaravati, in New Delhi and Gurgaon on Sunday. He also visited the Delhi Aerocity, Gurgaon, The Camellias by DLF, where he had deliberations on premium mixed-use urban development, which forms a critical component of Amaravati's infrastructure vision. He had an interaction with the Managing Director of a leading shared workspace provider on integrating flexible, ready-to-occupy professional workspaces into Amaravati's urban landscape. Mr. Kannababu then visited the One and Two Horizon Centres in Gurgaon and obtained perspectives on cutting-edge commercial space design and Global Capability Centre - readiness. He had strategic sessions with Surbana Jurong and Knight Frank regarding innovative financing models, including Public-Private Partnerships (PPP) and infrastructure bonds, to enhance Amaravati's capital investment portfolio. Also, he held discussions with the Collage Group and Omaxe Ltd. on the development of large-scale infrastructure, including sports stadiums. Mr. Kannababu also announced plans to develop a 1-km-long green canopy along a key stretch in Amaravati inspired by Delhi's Yamuna Biodiversity Park. This canopy will feature three tiers of plantations on both sides of the road, designed to filter air pollution, and be adorned with vibrant, multi-coloured flowers for aesthetic appeal. The AP-CRDA Commissioner was accompanied by Chairman of Urban Green Spaces for CRDA C.R. Babu and other officials.
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Business Standard
15-05-2025
- Business
- Business Standard
Chhattisgarh amends Industrial Development Policy; aims to woo investment
The Chhattisgarh government has decided to amend the Industrial Development Policy 2024-30 to promote industries and encourage investment in the state. The council of ministers approved several important amendments in the policy at the cabinet meeting held on Wednesday under the chairmanship of Chief Minister Vishnu Deo Sai. 'The amendments will make the state's industrial policy more employment-oriented, comprehensive, and beneficial for enterprises,' a state government statement said. The policy, which was notified on February 27, envisages 'Amrit Kaal: Chhattisgarh Vision 2047 with an aim to set new benchmarks in the industrial development of the state.' It was set to be effective from November 1, 2024, to March 31, 2030, with provisions for periodic review and amendments as required. The statement said the proposed amendment would increase new employment opportunities in the state as well as promote the sectors ranging from modern farming to the toy industry. Under the new policy, industries which will employ Chhattisgarh people will get grants from the government. Modern farming techniques like hydroponic and aeroponic will be promoted. Farmers will get the benefit of new technology, such as automation and internet of things. The amendment also eyes promotion of tourism and hotel business in the state. The statement said the minimum limit of investment for building hotels and resorts in Bastar and Surguja divisions has been reduced, which will increase tourism in these areas and provide employment to local people. The policy also aims to double encouragement to the textile industry. 'Now up to 200 per cent incentive will be given for investing in the textile sector,' the statement said, adding that it will also benefit those who sew, embroider, and knit. The changed policy will also facilitate Chhattisgarh to become a logistics hub. A new logistics policy will be brought to make freight and trade easier. It will benefit traders and provide easier market access. With a purpose to provide special benefits to Divyangjan, the amendment has revamped the definition of Divyangjan so that they can get more benefit from schemes. Global Capability Centre, special package for defence and aerospace sector, increase in infrastructure grants for private industrial parks, and encouragement for setting up of plug and play factories are a few other salient features in the amendment.
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Business Standard
24-04-2025
- Business
- Business Standard
Bhartiya Group launches new venture, to serve as GCC enablement platform
Bhartiya Urban has launched Bhartiya Converge, a new business venture that will serve as a Global Capability Centre (GCC) enablement platform, offering advisory, consultancy, operations, and management services to global organisations seeking to establish GCCs in India. Arjun Aggarwal, vice chairman and managing director of Bhartiya Urban, told Business Standard in an exclusive interaction that the platform is now officially available for companies, and the leadership team is actively engaging with potential global and domestic clients. Bhartiya Converge, which will operate under Bhartiya Urban, aims to streamline the GCC setup process through a scalable, service-oriented model designed to provide strategic advantages to organisations through their India operations. The platform offers a customised and integrated suite of microservices tailored to the evolving operational needs of each GCC. It aims to enable agility, efficiency, and scalable growth while eliminating vendor mark-ups and coordination delays, thereby offering enhanced cost efficiency, flexibility, and quicker turnaround times. Aggarwal highlighted Bhartiya's unique position in the market: 'I am one of the only players in the market today who is completely backward integrated. I have my own construction company. There will be a dedicated block within Bhartiya City in Bengaluru for GCCs, which is owned by us. The campus already hosts many top-tier GCCs.' The company plans to open offices in the United States and Europe, where it already has a presence through its fashion business design centres. Explaining the rationale behind entering the GCC space, Aggarwal said, 'This is not just a real estate strategy. It is a strategy for value creation for both Bhartiya and global companies to partner and extract that value from India for global operations.' He added that the move is aligned with India's transformation from a back-office hub to a centre for innovation and research and development: 'The government has taken an initiative, and today the world recognises India's capability beyond the back office—as the front-end office, as thought leaders, as innovation leaders.' The company has appointed Monica Pirgal as the chief executive officer of Bhartiya Converge. Pirgal previously served as vice-president and site head for Neiman Marcus Group in Bengaluru. 'The GCC revolution has just begun, and Bhartiya Converge is making a serious, long-term bet on the future of GCCs in India, ready to dominate and lead the industry,' she said. Sriram Chidambaram, executive director, Bhartiya Urban, will serve as chief mentor, providing strategic guidance to the new platform. 'Global Capability Centres will transform from being just cost centres to strategic assets, giving clients a competitive advantage and driving business growth,' said Chidambaram. India is rapidly emerging as a global hub for GCCs, with over 1,600 currently operating in the country. The number is expected to double over the next three to five years across sectors such as technology, retail, logistics, aviation, and pharmaceuticals. Bhartiya Converge will leverage Bhartiya Urban's existing strengths in real estate, design, and construction. The platform will offer services including real estate solutions, fit-outs, and technology consulting. Bhartiya Urban's flagship project, Bhartiya City in Bengaluru, is a large integrated township featuring residences, workspaces, a retail mall, a school, luxury residences, and a hotel and convention centre, creating a comprehensive ecosystem for GCCs, Aggarwal added.
