India's Energy GCCs: A Catalyst for Innovation and Growth
Key Ideas
  • Energy-focused GCCs in India are driving innovation and automation across the energy value chain, with a workforce of over 20,000 professionals.
  • Renewable energy, especially wind energy, is rapidly expanding, with Bengaluru emerging as a hub for expertise in various areas.
  • India's hydrogen energy sector is gaining traction in cities like Mumbai, Pune, Ahmedabad, and Chennai, supporting the country's goal to lead in green hydrogen adoption.
  • By 2030, the number of GCCs in India is expected to grow significantly, with the market size surging to $110 billion and employment surpassing 2.8 million.
India's Global Capability Centres (GCCs) in the energy sector are experiencing robust growth, contributing to innovation in the upstream, midstream, and downstream segments. The country, known for its talent pool and business-friendly environment, hosts over 30 energy sector GCCs, playing a crucial role in digital transformation and automation within the global energy ecosystem. With a workforce of over 20,000 professionals and a yearly influx of STEM and engineering graduates, these centres are instrumental in advancing India's dominance in the sector. The renewable energy sector, particularly wind energy, is witnessing significant growth, with plans to expand capacity to 63 GW by 2030. Bengaluru is becoming a focal point for expertise in wind energy technologies. Additionally, the hydrogen energy sector is gaining momentum in cities like Mumbai, Pune, Ahmedabad, and Chennai, supporting India's aspirations in green hydrogen adoption. A recent EY report highlights the promising outlook for GCCs in India's energy sector, projecting substantial growth by 2030. The market size is estimated to reach $110 billion, with employment numbers expected to exceed 2.8 million. This growth signifies India's increasing dominance in the global GCC market and the country's position as a key player in energy innovation and sustainability.
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