New Delhi: Leasing of office space by foreign companies to set up Global Capability Centers (GCCs) has increased by 17 per cent in the last financial year, according to CBRE.
Real estate consultant CBRE said the lease of office space for GCC setup stood at 22.5 million sq ft in FY 2023-24, compared to 19.2 million sq ft in the previous year.
“With projections indicating significant leasing of 40-45 million sq ft by the GCC between 2024 and 2025, India's digital The strategic emphasis is jointly on technology.” “Its competitive cost of talent and hire continues to drive growth.”
He said gradual upgradation of talents in existing as well as new roles and greater synergy between the private sector and academic institutions will continue to drive value creation in India.
As a result, the magazine said that India is likely to see more sophisticated GCCs going forward.
Ram Chandanani, Managing Director, Advisory and Transaction Services, CBRE India, said, “As India is establishing itself as a global hub for innovation and talent, the GCC’s growth and expansion "underscoring the country's huge potential as a destination of choice for businesses looking for opportunities." , Said.
Real estate consultant CBRE said the lease of office space for GCC setup stood at 22.5 million sq ft in FY 2023-24, compared to 19.2 million sq ft in the previous year.
“With projections indicating significant leasing of 40-45 million sq ft by the GCC between 2024 and 2025, India's digital The strategic emphasis is jointly on technology.” “Its competitive cost of talent and hire continues to drive growth.”
He said gradual upgradation of talents in existing as well as new roles and greater synergy between the private sector and academic institutions will continue to drive value creation in India.
As a result, the magazine said that India is likely to see more sophisticated GCCs going forward.
Ram Chandanani, Managing Director, Advisory and Transaction Services, CBRE India, said, “As India is establishing itself as a global hub for innovation and talent, the GCC’s growth and expansion "underscoring the country's huge potential as a destination of choice for businesses looking for opportunities." , Said.