Telangana Rising 2047 Vision Telangana keen on shaping into premier hub for GCCs in Asia-Pacific

Mr. Jindal
4 Min Read

Telangana is keen on consolidating its position as a preferred destination for global capability centres in India and emerge as the premier hub for GCCs in the Asia-Pacific region.

Catalysing advanced research and economic prosperity through a future-ready ecosystem for multinational corporations will be at the heart as the State gets set to achieve the objective by implementing a number of enabling measures, including rolling out a comprehensive Telangana GCC Policy (2025–2030). Yet another key component of the strategy will be the setting up of a single-window nodal body to provide policy clarity, accelerate approvals and enhance investor confidence and experience, according to the Telangana Rising 2047 Vision.

Apart from the five year policy as well as the single-window nodal body, the State will introduce targeted subsidies and reimbursements to enhance competitiveness and attract new GCCs. It also intends track GCC-related employment, innovation index, and export growth to ensure measurable results, the draft of the document accessed by The Hindu showed.

Forming part of the strategies focused on making Telangana an investment magnet, the government in the chapter on GCC said by 2047, Telangana will be positioned as India’s most innovation-intensive GCC ecosystem, leveraging its established strengths in IT, pharmaceuticals and governance while pioneering new frontiers in Artificial Intelligence (AI), Life sciences and Sustainable technology.

Home to 355 GCCs

The Vision document is scheduled to be unveiled at a grand function, coinciding with the two years of the A. Revanth Reddy government, near Hyderabad on December 8-9. Telangana now is home to at least 355 GCCs that are operational or 21% of such facilities in India. The facilities in the State contribute to more than one-third of Telangana’s IT exports and employ around 3.20 lakh professionals.

India hosts over 1,700 GCCs, who employ nearly 19 lakh professionals and in FY 2024 generated $64.6 billion in revenue, a number projected to touch $105 billion by 2030. The GCCs in Telangana are expected to clock $50 billion in revenue by 2030 and $150–300 billion by 2047. In terms of the industry classification, 40% of them will Technology, 25% in BFSI , 20% Pharma and Others (15%).

Apart from policy and governance measures, Telangana’s aspirations to become a premier hub for GCCs in the Asia-Pacific region are to be achieved with a focus on talent and skills ecosystem; infrastructure and connectivity; ecosystem development; besides fiscal incentives and financial support.

The State plans to promote construction of 15 million sq ft of Grade-A office space by 2030. For a balanced growth, the State Industrial Infrastructure Corporation will anchor clusters in Warangal, Karimnagar and Nizamabad. These measures apart, on the infrastructure and connectivity front, the State will improve connectivity to major GCC clusters for improved accessibility and workforce efficiency.

On the fiscal incentives and support, the vision document draft outlined plans to introduce capex reimbursement incentives for attracting GCC’s; opex subsidy support to promote long-term establishment; and issue of research grants, including patent assistance, to GCCs investing in indigenous R&D. Telangana will train professionals in AI/ML, Cloud, Cybersecurity, Data Analytics and Life Sciences through its Young India Skills University-led programmes and forge mandatory university partnerships offering subsidised internships.

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