Hyderabad home to 515 GCCs, aim is to attract 100 more next year: Sridhar Babu

IT and Industries Minister D. Sridhar Babu with members of the leadership team of SplashBI at the company’s GCC opening in Hyderabad on Monday.

Hyderabad is home to as many as 515 global capability centres employing more than three lakh professionals, IT and Industries Minister D. Sridhar Babu said here on Monday.

Seventy of the facilities began operations last year, the highest for any Indian city, and the State government aims to attract 100 more next year, he said, inaugurating the GCC of US-headquartered enterprise data intelligence platform firm SplashBI.

The government was working to transform GCCs from conventional service delivery centres into hubs for global product development, research and technological innovation. It is also encouraging GCCs to expand their role in emerging areas such as Artificial Intelligence, Data Analytics, cybersecurity and product engineering, Mr. Sridhar Babu said.

The SplashBI GCC is a 20,000 sq ft facility and will create 275 jobs. The company plans to invest $100 million over 5–7 years, the Minister’s office said in a release.

SplashBI said it has maintained a presence in the city since 2014 and the GCC brings its Hyderabad teams together. It will invest $100 million on infrastructure, technology and talent to scale the centre and strengthen its global product engineering and delivery capabilities.

The company said it will earmark $4 million for an AI data centre as investment to strengthen AI infrastructure and capabilities. CEO and Co-Founder Naveen Miglani and president and Co-Founder Kiran Reddy Pasham spoke.