Office leasing by Global Capability Centres in Chennai likely to touch 3.2 mn sq ft by 2025: CBRE
CBRE.
Currently, Chennai accounts for 11% of India's GCC workforce and benefits from supportive initiatives such as the Tamil Nadu Startup and Innovation Policy 2023 and the R&D Policy 2022. Some of the large GCCs who started operation in Chennai this year includes AstraZeneca, Addidas and Caterpillar.
“As the world embraces digital transformation, Global Capability Centers (GCCs) have emerged as strategic drivers of India's exponential growth. Initially attracted by cost advantages, GCCs in India now leverage the country's deep pool of skilled talent and vibrant startup ecosystem.Tamil Nadu presents a compelling proposition for businesses seeking to establish or expand their global operations. The state, with its attractive policy incentives, strong talent pool, robust corporate ecosystem, and abundant quality office space, has solidified its position as a preferred destination for these GCCs.,” said Anshuman Magazine, Chairman & CEO — India, South-East Asia, Middle East & Africa, CBRE.
Chennai currently accommodates approximately 250 GCC units, with projections indicating an increase to around 450-460 units by 2030. Correspondingly, the regional GCC talent pool is expected to expand by 1.4 times, reaching between 320,000 and 370,000 professionals by the same year led by diversified talent landscape comprising both seasoned professionals and recent graduates and the state government initiatives. Chennai currently houses over 150,000 professionals, contributing about 11% of India’s total GCC talent pool with
