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Global capacity centres in India to add 2,00,000 jobs

May 18, 2022

Global capacity centres in India to add 2,00,000 jobs
India-based captive units of worldwide organizations are set to increase their employee count by 180,000-200,000 by the end of this fiscal according to an estimate based on hiring plans of existing and upcoming worldwide capability centres (GCCs).

With a few new hostages really taking shape and north of 500 new GCCs to set up their captive tech centres by 2025, the total headcount is set to twofold to 3.0-3.2 million by FY25 from 1.5 million now as the market size is estimated to increase to $60 billion from $36 billion, as per information set up for ET by staffing solutions firm Xpheno.

There are at present around 1,500 GCCs in India across areas like banking, financial services and insurance (BFSI), IT programming, car, drugs, retail, and oil and gas.

This partner of organizations together net added around 170,000 jobs in India in 2021-22, while gross hiring stood at around 350,000, as per Xpheno data.

The growth of GCCs in India accelerated since the episode of Covid-19, which prompted a rising number of associations opening up to the possibility of remote working. As a result, locations like India that have the talent pool, particularly in the field of technology and cost benefits are progressively transforming into a strategic hotspot for multinationals, top industry officials said.

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