Telangana Industries Minister D. Sridhar Babu said the State government has set a target of attracting 100 new Global Capability Centres (GCCs) to Hyderabad within a year. He said the government is encouraging multinational companies to establish high-value functions such as product development, engineering, cybersecurity and artificial intelligence in the city.
Hyderabad will host the 2nd GCC Leadership Conclave on July 30, bringing together 300+ global leaders. The event focuses on AI-driven transformation, policy innovation, and the future of India’s Global Capability Centers, with support from Ascendion and The Leadership Federation
Manufacturing and global capability centres likely to have the highest pay increases, according to Aon’s annual ‘Salary Increase and Turnover Survey 2024-25 India’
According to a report by CBRE South Asia Pvt Ltd and HYSEA, the city's office stock has more than tripled since 2014, reaching nearly 137 million square feet as of December 2024
The increase in absorption by Global Capability Centres (GCCs) and flex space operators can be primarily attributed for the rise in demand for large office spaces in the city, it says.
