The GCC Gold Rush Begins!

India is in the middle of a modern-day gold rush—not for precious metals, but for global capability centres (GCCs). As multinational giants search for hubs to anchor their operations, India’s states are fiercely competing against each other, crafting policies to attract the world’s attention.

The stakes are high. According to AIM Research, nearly 49% of GCCs in India are US-headquartered, drawn by the country’s unbeatable combination of tech talent and relatively low costs. It’s not just interest; it’s action. Between 2022 and mid-2024, global firms leased 53 million sqft for GCCs, with many already planning expansions, Cushman & Wakefield reveals.