NASSCOM GCC report: Hyderabad favourite for global enterprises, Bengaluru close second

Hyderabad: In a significant development for India’s global competitiveness, NASSCOM, the National Association of Software and Service Companies, has released its much-anticipated Jan-June 2023 India GCC (Global Capability Centres) report.

The report showcases an impressive expansion of GCCs across the country, with Hyderabad and Bengaluru taking the lead.

The report reveals that 11 GCCs, including new establishments and expansions, have marked their presence in India in the first half of 2023. Of these, Hyderabad and Bengaluru have emerged as the standout destinations for global companies looking to establish a presence in India.

Hyderabad’s remarkable growth

Hyderabad, known for its thriving tech ecosystem and business-friendly policies, has witnessed remarkable growth in the establishment of GCCs. It tops the list with the highest number of new GCCs in the first half of 2023.

"Hyderabad's rapid growth as a GCC destination is a testament to the city's proactive approach in fostering innovation and providing a conducive business environment." said Amit Agarwal, CEO of a Global Tech Giant.

The city’s welcoming environment for innovation and technology has attracted global giants, making it a go-to destination for companies looking to set up their GCCs.

Bengaluru’s enduring appeal

Bengaluru, often referred to as India’s Silicon Valley, continues to be a magnet for technology companies. It closely follows Hyderabad in the number of new GCCs established.

The city’s legacy as a hub for cutting-edge technology and its skilled talent pool make it an irresistible choice for organisations seeking to tap into India’s vast potential.

"Bengaluru's enduring appeal lies in its rich history of technological innovation and the availability of a diverse talent pool. It continues to be a global technology powerhouse." said Rajesh Singh, Head of Operations, a Leading GCC in Bengaluru.

Mumbai and Pune join the innovation wave

While Hyderabad and Bengaluru took the lead, Mumbai and Pune have also emerged as key innovation hubs in the first half of 2023.

These cities, with their strategic location and growing tech ecosystems, have welcomed the establishment of all 18 new GCCs in the country, solidifying their positions as vital players in India’s tech landscape.

"Mumbai and Pune have witnessed a surge in GCC establishments, signifying their role as emerging tech hubs in India. The strategic advantages they offer are unparalleled." said Neha Kapoor, Regional Director, Tech Industry Association.

India’s global appeal

The NASSCOM report underscores India’s enduring appeal as a global technology and innovation destination. The country’s favourable regulatory environment, world-class talent pool, and the availability of cutting-edge infrastructure continue to attract multinational corporations seeking to establish GCCs.

"India's GCC ecosystem has evolved into more than just cost-effective centers; it's now a hub for digital transformation and innovation, offering a wealth of opportunities." said Sandeep Mehta, President of a Global Consultancy Firm.

Investing in innovation

As global companies look to tap into India’s vast potential, they are not just setting up GCCs for cost-effective operations but also investing in innovation, research and development. These GCCs are increasingly becoming hubs for cutting-edge technology, innovation, and digital transformation.

A promising future

With Hyderabad and Bengaluru leading the charge, India’s position as a global innovation and technology hub has never been stronger.

The growth of GCCs in these cities, along with Mumbai and Pune, paints a promising picture for India’s future as a destination of choice for global corporations looking to innovate and stay competitive in an ever-evolving digital landscape.

As India continues to attract global investments and build a robust tech ecosystem, the stage is set for even more remarkable developments in the second half of 2023 and beyond.