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Beyond Bengaluru, Nano GCCs Grow in Tier 2 & Tier 3 Cities
- Nano Global Capability Centres (GCCs) in India are marking a transformative shift in the outsourcing and offshoring landscape, especially in tier 2 and tier 3 cities.
- Last year, Metso Outotec, a global leader in sustainable technology and services for the mining, aggregates, recycling, and process industries, inaugurated a new engineering centre in Vadodara, Gujarat, India.
- According to AIM Research, while Bengaluru and Hyderabad lead the way, cities like Chandigarh and Indore, accounting for 4% of total GCCs each, are signalling a strategic shift in GCC location preferences.
- Tier 2 cities in India are home to a growing number of educational institutions that produce a steady stream of graduates in engineering, IT, and business disciplines.
- These emerging centres, termed Nano GCCs, are projected to grow by 15-20% by 2025, with a surge of 25-30% anticipated in subsequent years.
- The Zinnov-Nasscom India GCC Landscape report highlighted that tier 2 and tier 3 cities now house about 7% of total GCC units in FY2024, up from 5% in FY2019.
- Governments at both the central and state levels are recognising the potential of tier 2 cities as growth engines and aiming to promote equitable growth across the state through their initiatives.
- GlobalLogic is expanding its operations to smaller cities to tap into local talent and reduce the need for migration to larger hubs.
- To accelerate AI adoption by GCCs, GlobalLogic recently launched Velocity AI, a generative AI platform designed to enhance product development efficiency and reduce costs.
- GlobalLogic is increasingly helping GCCs to move beyond their traditional roles as execution arms of global corporations and is trying to solve the skills gap issue.
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