India has emerged as the leading destination for Global Capability Centres (GCCs), now home to over 1,800 centers serving more than 1,400 global companies, according to a recent report by JLL India. Since 2022, the country has added more than 100 new GCCs, reinforcing its significance in the global operations of multinational firms.
The GCC sector now occupies over 240 million square feet of Grade A office space across the seven largest cities in India. Bengaluru, often referred to as the “Silicon Valley of India,” is at the forefront, accounting for 42% of the total office space used by GCCs. The city’s booming tech scene, prestigious educational institutions, and diverse work culture make it an attractive destination for global talent.
This expansion emphasizes India’s increasing clout in the global business ecosystem. In the past 18 months alone, between January 2023 and June 2024, GCCs have leased a massive 35.2 million square feet of office space. Bengaluru, Hyderabad, and Chennai together accounted for 75% of this leasing activity, demonstrating the region’s appeal due to its advanced infrastructure, skilled workforce, and favorable business environment.
Three main industries dominate the GCC sector in India—Manufacturing, IT/ITES (Information Technology and Information Technology Enabled Services), and BFSI (Banking, Financial Services, and Insurance)—which collectively hold 78% of the space occupied by GCCs.
Looking ahead, the outlook for India’s GCC sector remains bright, as GCCs represent roughly half of the active office space requirements in the country’s key cities. These centers are evolving from cost-effective back offices into innovation hubs, positioning India to play an even greater role in global digital transformation. With its vast talent base, robust infrastructure, and supportive government policies, India continues to strengthen its status as the world’s foremost destination for GCCs.
