How Indian States Are Competing to Become the Next GCC Hotspot

1. Karnataka (Bengaluru)

• Advantages: Well-developed IT base, large IT corporations, and an extensive talent base.
• The Beyond Bengaluru initiatives are meant to ‘decentralise’ GCCs to spur development in Tier-II cities.
• Targets: Develop 500 new GCCs, with 350,000 new jobs by 2029 .

2. Telangana (Hyderabad)

• Strengths: This is becoming a financial services and life science hub.
• Increasing numbers of multinational organisations are setting up shops within the city.

3. Uttar Pradesh (Lucknow)

• Advantages: Over 2 lakh STEM graduates every year and over 8,000 institutions of higher education.
• Noida as their global center and Lucknow as a rising star and satellite centers at Agra and Varanasi.
• Incentives: Can cover up to 40 per cent savings on cost compared to known hubs and even subsidise capital and payrolls.

4. Pune (Maharashtra), Mumbai

• Strengths: A well-balanced presence across all-rounders with a strong presence in BFSI and engineering GCCs.
• Infrastructure: Top-notch infrastructure and connectivity.

5. Tamil Nadu (Coimbatore & Chennai)

• Strengths: Speciality in both manufacturing and design and an expanding presence in the GCC section.
• Initiatives: IT cities and industrial corridor development in support of growth in the GCC.

Different Indian states are deploying numerous mechanisms to attract GCCs:

• Talent Development: Creating skills training centres and partnering with the educational institutions.
• Policy Incentives: Providing tax exemptions, subsidies and special opening of clearances.
• Infrastructure Development: The development of specific IT parks and enhancement of connectivity.
• Branding Efforts: Branding of the states by holding international events.

The evolving environment presents:

• Diversification Potential: Availability of emerging hubs with distinct advantages.
• Cost Optimisation: Take advantage of cost-effective geographical areas but not at the expense of quality.
• Strategic Expansion: Consistent with state policies and incentives to realise maximum benefits.

There is a growing battle between the states in India to emerge as the next hotspot destination in the GCC. These states are a force to be reckoned with, as they have the strategy, a strong policy implementation and the vision toward infrastructure that is likely to change the global GCC environment. This is an opportunity for businesses because they will be poised to locate to the correct region, which will lead to growth and operational excellence in the next decade.

The rivalry between Indian states to become the next GCC hot spot is turning the country into an innovation and high-value service hub. Said growth is being spurred by strategic policies, pools of talent, strong and effective infrastructures, and cost advantages. States such as Karnataka, Telangana, and Maharashtra are ahead and emerging players like Gujarat and Kerala are cutting niche opportunities.

Businesses interested in establishing GCCs in India can make informed decisions, optimise their investments, and achieve long-term operational sustainability by being aware of the strengths of each state in the GCC industry in India.

Tap the complete potential of the Indian GCC ecosystem in your business expansion with Inductus GCC. Get information on advantages, policies and talent opportunities state-wise in order to strategically locate your offshore development center. Contact Us now and set up your GCC in India,  the most advantaged place to succeed, advance and achieve operation perfection.