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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.