GCC

A GCC, or Global Capability Centre, is an in-house, offshore centre established by multinational corporations to deliver critical business functions, including IT services, R&D, and engineering, for their global operations.

Why it’s in the news: GCCs are in the news due to rapid expansion in India, with new government policies aiming to create millions of jobs and establish over a thousand centres by 2030.

Latest on GCC

• Seven states plan 1,380 new GCCs, to help create 12 lakh jobs by 2031: CBRE
• State GCC policies target 1.18 million jobs, over 1,300 centres by 2029-31: CBRE
• India's GCC sector faces up to 19.3% value risk from skill gaps by 2030: PwC India-FICCI study
• GCCs outpace Indian IT services firms in hiring Forward Deployed Engineers
• Enterprise GCC Workspaces in India | Table Space Insights
• UP targets 10% of new GCCs, sets up advisory board
• GCCs outpace IT services in tech hiring, driving AI & cloud talent

Connections

15 entities linked to GCC across the news graph.