Mid-market Global Capability Centres (GCCs) are significantly driving Telangana’s IT exports, according to state Information Technology and Communications Minister D. Sridhar Babu. Speaking at the GCC Innovation Summit 2024, organised by T-Hub, the minister emphasised the importance of these centres in boosting the state’s IT sector, highlighting the need for greater collaboration and innovation.
The minister pointed out Hyderabad’s competitive edge in attracting global GCCs, supported by the city’s talent pool and business-friendly environment. “Mid-market Global Capability Centres (GCCs) are crucial for driving Telangana’s IT exports and economic growth. With Hyderabad’s talent in AI, data analytics, and cloud computing, along with supportive policies and robust infrastructure, we are well-positioned to attract these players,” Babu said.
At the summit, T-Hub introduced two initiatives—GCC Sherpas and the GCC Council—aimed at fostering collaboration and shaping the future of India’s GCC sector. The GCC Sherpas, comprising selected industry leaders, will work to develop capabilities in emerging fields such as AI, cybersecurity, and quantum computing. Meanwhile, the GCC Council will focus on knowledge sharing and policy development to support the sector’s growth.
8 MoUs signed
The initiatives align with Telangana’s broader strategy to maintain a competitive edge in the global technology sector. Senior officials such as Jayesh Ranjan, Special Chief Secretary of IT & Industries, and Sreekanth Lanka, Chief Strategy Officer of the state government, were present at the event.
As part of the summit, 20 GCCs were recognised for their contributions to innovation and operational excellence, highlighting their role in Telangana’s IT ecosystem.
The summit also saw T-Hub announce eight Memoranda of Understanding (MoUs) with global organisations including IEEE, Toronto Business Development Centre Canada, Medtronic, Summit Consulting Services, Transition VC, Feuji, New Relic, and PayU.
Commenting on the collaborations, T-Hub’s Interim CEO Sujit Jagirdar noted, “With Telangana emerging as a major hub for GCCs, the summit highlighted the city’s growing appeal for global companies looking to leverage India’s skilled workforce and thriving innovation ecosystem.”
Scaling the GCC Ecosystem
T-Hub plans to launch additional initiatives aimed at expanding the GCC ecosystem, including accelerator programs, mentorship opportunities, and collaborations with global enterprises. These efforts are designed to enhance innovation and operational excellence within the state, positioning Telangana as a prime location for GCC growth.
According to a senior officials, these initiatives align with the state government’s long-term goals of boosting IT exports and economic development. By attracting more global companies and building partnerships, Telangana aims to reinforce its status as a competitive destination for technology-driven businesses.
The global GCC market has been growing as companies increasingly seek locations that offer a skilled workforce and cost advantages. Telangana’s emphasis on attracting mid-market GCCs aligns with this trend, as the state looks to build its IT sector further and enhance job creation in emerging technology fields such as AI and cybersecurity.
Telangana’s approach highlights both the potential for growth and the challenges in the sector, particularly around talent acquisition and the need for continuous innovation. The government’s focus on partnerships and collaboration aims to address these issues, ensuring that the state remains an attractive destination for global technology firms.
