Headquartered in Richfield, Minnesota, U.S. electronics retailer Best Buy is expanding its India-based workforce, primarily to bolster its digital and technology capabilities. The company currently employs close to 350 people at its Global Capability Center (GCC) in Bangalore, with plans to increase that number to approximately 500 in the coming...
India Emerges as Global GCC Powerhouse: Projects $105 Billion Market by 2030
India has solidified its position as the "GCC Capital of the World," hosting the largest base of global capability centres (GCCs) at 17% of the global total. According to a report by Nasscom and Zinnov, the GCC market in India is projected to reach $99-105 billion by 2030, up from...
India is Home to 27 Unicorn Startups
Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
Global Tech Centers in India Move up the Value Chain
Technology centers of foreign multi-national corporations, or global capability centers (GCC) as they are commonly called, used to be focused on IT and BPO services in the late 1990s. But today, many such centers have evolved to become crucial to the core operations of their parent companies and are drivers...
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...
GE Healthcare Partners with India's NASSCOM for Digital Solutions
Chicago, IL-based GE Healthcare will partner with New Delhi-based IT industry body National Association of Software and Services Companies' (NASSCOM) Center of Excellence-Internet of Things (CoE-IoT) -- an innovation hub for start-ups that provides a platform for collaborative innovation -- for digital healthcare solutions. The partnership will help GE Healthcare...