Hyderabad is presently developing as one of the most sought-after destinations in the nation for Global Capability Centres (GCC) of multinational corporations. hyderabad has already established itself as India's most favored investment destination for international enterprises. hyderabad has been successful in persuading MNCs to establish seven new GCCs and to expand four already existing ones, all in different industries, in the first half of this year. In this respect, Bengaluru was the only other city that came close to matching the number of 11, as three GCCs there were extended and eight new ones were announced.
Hyderabad has established itself as one of the major innovation centers, along with Bengaluru, Mumbai, and Pune, according to NASSCOM's india GCC Trends half-yearly study report. The automotive, aerospace, and defense industries are highlighted in the NASSCOM GCC trends report in addition to a review of the year's first half of developments. The three main centers for the aerospace and defense GCCs, according to the research, are Bengaluru, hyderabad, and the NCR. More than 80% of the GCC units in the nation are concentrated in these cities.
75% of the total installed talent in the GCCs' aerospace and defense industries is located in Bengaluru and Hyderabad. Although Bengaluru now leads hyderabad in the distribution of GCC units in the aerospace industry, hyderabad is quickly catching up. The hubs of over 22% of the GCCs for aerospace and defense are spread across three or more cities. ER&D, IT, and BPM functions, respectively, account for around 62%, 14%, and 26% of the total installed talent in the aerospace and defense industries. About half of India's GCCs for aerospace and defense are situated in the US. hyderabad is seventh among the cities in the nation with a distribution of GCC vehicles in the automobile industry.
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12/09/2023 09:29 AM