Manufacturing, transport firms overtake banks to lead India’s GCC boom

Manufacturing and transport companies have overtaken banking, financial services, and insurance (BFSI) firms to become the primary engine of India’s global capability centre (GCC) expansion.Manufacturing and transport firms accounted for one in every three tech centres announced so far this year (23 of 74), up from about one in five across 2025, according to Massachusetts-based HFS Research. These industrial players are scrambling for greater tech ownership in the AI era and the large-scale engineering talent India offers.At least 74 new…