In light of the fresh GCC policy unveiled by Karnataka's Chief Minister Siddaramaih, Kharge said that the state intends to attract as many as 500 new GCCs in the next 4-5 years with USD 50 billion dollars in investment.
Indian IT services companies like Tata Consultancy Services (TCS), Infosys, Wipro, and HCLTech get a lion's share of their revenue from US clients and any uptick in client spend directly boosts their topline.
Zinnia is a product and technology organisation that is focussed on simplifying insurance. India is home to more than half of its total workforce of about 3,000.
Bengaluru dominates 41 per cent of GCC focussed flex space occupancy across eight markets in India, underscoring its status as a key tech and corporate innovations hub.
GCCs, primarily driven by multinational corporations, have seen rapid growth in India, with nearly 56 per cent of their revenue now coming from research and development (R&D) services.
GCCs are increasingly moving to tier-II cities due to factors like labour arbitrage, availability of human resources specially engineering talent, and cost factor
As per market studies, the market value of cosmetics products in the GCC was estimated at $6.9 billion in 2016 and it is expected to reach $13 billion in 2022