2 weeks ago
Indian states target 1.18 million jobs, 1,380 new GCCs
Big companies from other countries set up special offices in India called Global Capability Centres, or GCCs.
In these offices, people do important work with computers, money and manufacturing.
A report from CBRE says Indian states want to create almost 1.18 million jobs by 2031.
They also plan to open about 1,380 new GCCs.
Many states, like Karnataka, Maharashtra and Gujarat, have made special rules to attract these offices.
Other states such as Telangana, Delhi and Tamil Nadu have offered incentives too.
GCCs now use more and more office space in India's nine biggest cities.
Their share of office space grew from about 29% in 2022 to 43% in the first half of 2026.
Technology, banking and engineering companies rent most of this new space.
CBRE leaders say states are competing by approving projects faster and building better infrastructure.
Indian states aim to create nearly 1.18 million jobs and establish roughly 1,380 new Global Capability Centres (GCCs) by 2031, a CBRE South Asia report said.
GCCs leased more than 123 million sq. ft. of office space across India's top nine cities between 2022 and the first half of 2026.
Karnataka, Maharashtra, Haryana, Uttar Pradesh, Gujarat, Rajasthan, Madhya Pradesh and Andhra Pradesh have implemented dedicated GCC policies; Telangana, Delhi and Tamil Nadu adopted frameworks or incentives.
GCCs' share of total office leasing rose from about 29% in 2022 to around 43% in H1 2026.
Technology, BFSI and engineering & manufacturing accounted for more than 60% of leasing activity at 23%, 22% and 16% respectively.
- Who
- Indian state governments, including Karnataka, Maharashtra, Haryana, Uttar Pradesh, Gujarat, Rajasthan, Madhya Pradesh and Andhra Pradesh, and CBRE South Asia, which published the report.
- What
- A push to create nearly 1.18 million jobs and establish about 1,380 new Global Capability Centres (GCCs) by 2031, supported by dedicated state GCC policies and rising office leasing.
- Where
- India, across its top nine cities; states involved include Karnataka, Maharashtra, Haryana, Uttar Pradesh, Gujarat, Rajasthan, Madhya Pradesh, Andhra Pradesh, Telangana, Delhi, Tamil Nadu and Kerala.
- When
- By 2031; leasing data covers 2022 through the first half of 2026, and the report was released on Friday.
- Why
- To attract investment, accelerate sector growth, and compete to host GCCs, which have become a central pillar of India's services economy.
Key facts
- Jobs target
- Nearly 1.18 million by 2031
- New GCC target
- Roughly 1,380 by 2031
- Office space leased
- Over 123 million sq. ft. (2022–H1 2026, top nine cities)
- GCC share of office leasing
- About 29% in 2022 to around 43% in H1 2026
- Top leasing sectors
- Technology 23%, BFSI 22%, engineering & manufacturing 16%
- States with dedicated GCC policies
- Karnataka, Maharashtra, Haryana, Uttar Pradesh, Gujarat, Rajasthan, Madhya Pradesh, Andhra Pradesh
- States with frameworks or incentives
- Telangana, Delhi, Tamil Nadu
- Report publisher
- CBRE South Asia
Quotes
Anshuman Magazine
Chairman & CEO, India, South-East Asia, Middle East & Africa, CBRE
“As more states introduce dedicated capex support, payroll incentives and faster regulatory clearances, we are seeing this reflected directly in leasing activity.””
thehansindia.com
“The speed at which state governments have moved to formalise dedicated GCC policies is unprecedented in India’s commercial real estate landscape.””
thehansindia.com
Sources
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