📷 Image: Wikimedia Commons / U.S. Air Force photo by Roland Balik
Business
Foreign Firms Lease 105 M Sq Ft for GCCs in India Since 2022
✍️ Business Standard
🗓 25 Jul 2026, 03:18 AM
👁 3
Since 2022, multinational companies have leased a cumulative 105 million square feet of office space in India to establish Global Capability Centers, highlighting the country’s rising status as a preferred destination for off‑shoring and digital services.
Multinational corporations have collectively leased 105 million square feet of office space in India since 2022, primarily to set up Global Capability Centers (GCCs). The move reflects a growing trend of foreign firms seeking cost‑effective, skilled workforces in the country.
GCCs are specialized units that handle back‑office functions such as customer support, data analytics, and software development for global clients. India’s robust talent pool, English‑proficiency, and supportive regulatory environment have made it an attractive location for these centers.
The cumulative lease volume indicates a steady increase in foreign investment in India’s service sector. While the exact number of firms involved is not disclosed, the figure underscores the country’s expanding role in the global digital economy.
Industry analysts suggest that the trend is likely to continue, with more companies looking to tap India’s expertise in technology, finance, and healthcare services. The government’s initiatives to improve infrastructure and ease of doing business are expected to further accelerate this growth.
As India solidifies its position as a hub for GCCs, the country stands to benefit from increased employment opportunities, skill development, and a boost to its GDP through foreign direct investment.
GCCs are specialized units that handle back‑office functions such as customer support, data analytics, and software development for global clients. India’s robust talent pool, English‑proficiency, and supportive regulatory environment have made it an attractive location for these centers.
The cumulative lease volume indicates a steady increase in foreign investment in India’s service sector. While the exact number of firms involved is not disclosed, the figure underscores the country’s expanding role in the global digital economy.
Industry analysts suggest that the trend is likely to continue, with more companies looking to tap India’s expertise in technology, finance, and healthcare services. The government’s initiatives to improve infrastructure and ease of doing business are expected to further accelerate this growth.
As India solidifies its position as a hub for GCCs, the country stands to benefit from increased employment opportunities, skill development, and a boost to its GDP through foreign direct investment.