Leasing by Global Capability Centres in India increases by 17%; touches 22.5 mn sq ft in FY 2023-24 Hindustan Times
Leasing by Global Capability Centres (GCC) increased by around 17% Y-o-Y in FY 2023-24 compared to FY 2022-23, touching 22.5 mn sq ft in FY 2023-24 as compared to 19.2 mn sq ft in FY 2022-23. This growth was primarily driven by key sectors such as engineering and manufacturing, BFSI and technology sectors, a report by CBRE has said. GCCs are captive centres that handle operations (back-office functions, support functions, and contact centres) and IT support to enhance productivity. Some large companies use GCCs as a centre of excellence as well.
