Telangana Targets 100 New GCCs for Hyderabad

The Telangana government has set an ambitious target of attracting 100 new Global Capability Centers (GCCs) to Hyderabad within the next year. This announcement was made by Sridhar Babu, highlighting the state's commitment to fostering a thriving technology and business ecosystem. GCCs are typically established by multinational corporations to handle specialized functions, such as research and development, customer support, and finance. Hyderabad is already a major hub for IT and technology companies, and the influx of new GCCs is expected to further boost the city's economy and create numerous job opportunities.