GCC
| March 4, 2024, 6:59 a.m.
Growth of Global Capability Centres (GCCs) in India's Tier-2 Cities Driven by Smaller Multinationals
The proliferation of Global Capability Centres (GCCs) in India's tier-2 cities is witnessing a surge, fueled by smaller multinationals and existing companies' expansion efforts. With factors like talent availability, lower costs, and government incentives, tier-2 cities are becoming attractive destinations for setting up GCCs, leading to a predicted 30-40% increase in demand. This trend signifies a shift towards leveraging talent and cost benefits outside major urban centers.
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