Rajagopal P Swamy
Chennai:While Tamil Nadu houses around 10% of India’s 1,800 GCCs,it trails behind cities like Bengaluru,Mumbai, Hyderabad,the National Capital Region,and Pune.
Recognizing the significant growth potential of GCCs,the Tamil Nadu government has prioritized their promotion. Mr.Roy highlighted the advantages of the State,including a highly skilled workforce,a safe environment,good infrastructure,and a strategic location.
He also acknowledged the need for improvement in areas like airport infrastructure and office space supply.
To attract more GCCs,the State government has implemented a straightforward policy offering significant reimbursement on payroll costs for Fortune 500 companies.The government remains open to refining this policy based on industry feedback.
A report by CBRE forecasts strong growth in the GCC sector in Chennai, with an estimated 3-3.2 million square feet of office space to be leased in 2025.The city is poised to add 12-13 million square feet of premium office space between 2025 and 2026.
