A new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs established, marking the entry of key MNCs like Edge Cortix, M31 technology Corporation, Signature IP into the Indian market. US-headquartered MNCs accounted for around 50% of the new GCCs.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| IIM Kozhikode | IIMK Advanced Data Science For Managers | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
| IIM Lucknow | IIML Executive Programme in FinTech, Banking & Applied Risk Management | Visit |
Artificial intelligence, machine learning, advanced analytics, cybersecurity, ADAS solutions, in-vehicle infotainment, AI hardware solutions, powertrain, foundational IP solutions were some of the major focus areas for the new GCCs as well as the new centres for existing GCCs in Q4 CY2023.
ETtechETtechAbout 60% of the new GCCs established in India have all three functional areas — ER&D, IT and BPM. “India has firmly established itself as the go-to-destination for Global Capability Centres (GCCs), attracting an increasing number of global companies seeking to leverage the country’s unparalleled advantages,” the report said. Notably, around onethird of GCCs established in the quarter were for semiconductors, at a time when India is vying to become a semiconductor industry hub.
Discover the stories of your interest
ETtech
