Beena Parmar

With companies planning to establish more global capability centres (GCCs) in India, states are eager to grab a piece of the action. Madhya Pradesh, Uttar Pradesh, Telangana and Andhra Pradesh are among those drafting their own GCC policies to attract multinationals with incentives to create back-office hubs outside the traditional hot spots of Bengaluru and NCR.

Several Indian states are vying to attract global capability centres (GCCs) by offering incentives and developing infrastructure. Uttar Pradesh, Madhya Pradesh, Telangana, and Andhra Pradesh are drafting policies to compete with established hubs like Bengaluru and NCR. These states aim to leverage their strategic locations, young workforce, and emerging sectors like AI and cybersecurity to draw multinational investment.

India's software services industry anticipates budget increases in 2025, driven by growth in banking and financial services, AI, and cloud computing. IT spending is projected to rise, with companies favoring smaller deals amid economic uncertainties. Positive factors include a strong deal pipeline and lower attrition.

The technology services firm currently has around 60% of its revenues coming from India with operations also in North America and Middle East. "We completed all the proceedings in September (acquisition by Investcorp). We existentially are working with 22 Fortune-500 companies. The idea now is basically to exponentially scale out on that and become extremely relevant to a global audience and a clientele," its CEO Anantharaman Sreenivasan told ET.

Wipro is bolstering its workforce for future growth. The company is focusing on leadership stability under CEO Srinivas Pallia. Wipro is hiring fresh talent and experienced professionals. It aims to hire 7,000-7,500 people by December. The company has shifted its campus recruitment strategy to 'train and then hire'. Wipro sees positive signs of a market rebound.

As the IT industry grows, outsourcing firms are hiring more junior and entry-level employees to reduce costs and bring in younger engineers. This expansion will stabilise margins with the operating metrics. After nearly seven quarters, top Indian IT companies added over 17,500 employees in the September quarter.

As the IT industry grows, outsourcing firms are hiring more junior and entry-level employees to reduce costs and bring in younger engineers.

The air cargo hub will link different cities within India and, at the same time, connect regional markets to global trade routes. Richard W. Smith, FedEx Express president and CEO, talked about how the company invested $350 million for a hub in Dubai in order to give a sense of what the size of investment for the air hub will be.

TCS is poised to amplify fresher hiring from engineering campuses in FY26, exceeding the current fiscal year's 40,000 target. This expansion aligns with positive growth projections and a resurgence in campus recruitment. The company is also bolstering its higher cadre workforce and investing in training programs, including AI and GenAI skills development, to meet evolving industry demands.

Accenture's latest earnings boost Indian IT sector outlook. GenAI bookings hit a record high. North American demand shows signs of recovery. The company raised its FY25 growth forecast. Indian IT firms expect strong Q3 results and a robust FY26. Accenture's hiring continues to grow, mostly in India.