The U.S. government's decision to raise visa application fees to $100,000 — up from the previous $2,000 – $5,000 range — is prompting companies to accelerate the relocation of high-value operations to India. This shift is expected to significantly boost the growth of Global Capability Centers (GCCs), which already number...
Eli Lilly Launches $180M Tech Hub in India to Drive Global Innovation
Indianapolis, Indiana-headquartered Eli Lilly inaugurated a new technology and innovation center in Hyderabad, India, marking an expansion of its global digital capabilities. The site will serve as a hub focused on artificial intelligence, automation, cloud computing, and software engineering. The Hyderabad center has already hired 100 professionals and plans to...
Global India Tech Centers Record Business of $28 billion in 2018
The market size for global capability centers (GCC), also known as multinational tech centers, amounted to $28.3 billion in 2018, compared to $19.5 billion in 2014 according to a study by industry body Nasscom. With over 1,250 and counting, India has the biggest presence of GCCs in the world, (the...