Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Walmart has leased 465,000 sq ft of office space in Chennai to establish its second Global Capability Centre (GCC) in India. This expansion follows a similar move in Bengaluru and highlights Walmart’s strategy to leverage India’s tech talent for innovation and global retail operations.
READ MOREEmbassy Group has launched Embark, India’s first fully integrated platform to simplify and accelerate the setup of Global Capability Centers (GCCs). Embark offers end-to-end support—including co-working and managed office solutions—and helps global companies establish and scale operations in India with ease, efficiency, and long-term strategic value.
READ MOREIndia’s Global Capability Centres (GCCs) are set to reach USD 105 billion by 2030, employing 2.8 million professionals. With 1,700 GCCs generating USD 64.6 billion, India is driving digital transformation, AI innovation, and business development, solidifying its role as a global enterprise operations hub.
READ MOREHyderabad is on track to surpass 200 million sq. ft of office space by 2030, fueled by increasing demand from technology firms and Global Capability Centers (GCCs), according to a joint report by CBRE and the Hyderabad Software Enterprises Association (HYSEA). The city’s office stock has tripled since 2014, reaching nearly 137 million sq. ft as of December 2024.
READ MOREIndia’s GCC sector, currently contributing 3.5% to GDP, is expected to grow to over 5% by 2030, driven by AI technologies like DeepSeek. The sector is shifting focus to Tier-2 cities due to rising operational costs in metros, with the 2025 Budget expected to support decentralisation and innovation.
READ MOREIndia’s Global Capability Centres (GCCs) drive demand for co-working spaces, embracing hybrid work models, cost efficiency, and sustainability. With growth expanding to tier-2 and tier-3 cities, co-working spaces offer scalable, tech-enabled, and tailored solutions. This trend opens opportunities for businesses and investors alike, redefining the future of workspaces.
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