Driving Energy Transition: Indian GCCs Leading the Way in Global EPC Opportunities
Key Ideas
  • Indian Global Capability Centres (GCCs) are pivotal in advancing engineering services for the global energy transition by leveraging cutting-edge technologies and skilled talent.
  • Massive investments are required for the world to achieve Net Zero emissions by 2050, opening up opportunities in renewable energy, green hydrogen, sustainable aviation fuels, and more.
  • The surge in green technologies presents significant opportunities for EPC and EPCM companies, positioning them at the forefront of executing projects in decarbonisation and sustainable energy.
  • ExxonMobil's Indian GCC in Bengaluru is a prime example, utilizing local talent to drive energy transition efforts, including carbon capture, hydrogen solutions, and recycling innovations.
Global Capability Centres (GCCs) in India are playing a crucial role in driving the global energy transition towards net-zero emissions by offering innovative solutions in renewable energy, greener technologies, and decarbonisation. The article emphasizes the importance of massive investments, estimated at 4-6 trillion dollars, to meet Net Zero commitments by 2050, highlighting the need for capacity building in EPC and EPCM businesses. With the global focus on achieving net-zero emissions, there are significant opportunities for EPC and EPCM firms in green hydrogen, sustainable aviation fuels, carbon capture technologies, and more. The growth in the EPC market, valued at USD 792.7 billion in 2022, is projected to reach USD 1,380 billion by 2032, driven by investments in sustainability and decarbonisation projects. India's GCCs have evolved over the years to become key hubs across various industries, including technology, engineering, manufacturing, and financial services, attracting global firms with skilled talent and cost advantages. ExxonMobil's Global Capability Centre in Bengaluru exemplifies how multinational companies are leveraging Indian talent to support global initiatives in energy transition. Through their technology and research centres, ExxonMobil is focusing on carbon capture, hydrogen solutions, and recyclability of plastics and rubber, showcasing India's contribution to lower-emission fuels and sustainable technologies. Overall, Indian GCCs are positioned as strategic players in advancing engineering services for the global energy transition.
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