India's Rise as a Global Energy GCC Hub: Driving Innovation and Growth
Key Ideas
- India is experiencing a surge in global capability centres (GCCs) focusing on renewable energy, with significant offshoring opportunities across various sectors.
- The energy industry in India is witnessing substantial growth, with corporations leveraging the country's skilled workforce to drive innovation and modernize energy infrastructure.
- The renewable energy sector, particularly wind energy, is rapidly growing, while the hydrogen energy sector is also gaining momentum in key talent clusters across cities like Mumbai, Pune, Ahmedabad, and Chennai.
- The outlook for GCCs in India's energy sector is promising, with projections indicating significant growth in market size, employment, and global competitiveness by 2030.
India is emerging as a key player in the global energy sector through the proliferation of global capability centres (GCCs) focusing on renewable energy. The country hosts more than 30 energy sector GCCs, contributing to innovation and automation in the energy industry. Energy leaders have established significant presences in cities like Bengaluru, Chennai, and Pune, leveraging India's skilled workforce and driving advancements in energy production and distribution.
The renewable energy sector in India is on the rise, with a focus on wind energy capacity, which is expected to reach 63 GW by 2030. Bengaluru is becoming a hub for professionals skilled in areas vital for advancing wind energy infrastructure. Additionally, the hydrogen energy sector is gaining traction, with key talent clusters specializing in hydrogen blending, storage solutions, and refinery operations across cities like Mumbai, Pune, Ahmedabad, and Chennai.
The EY report highlights the positive outlook for GCCs in India's energy sector, offering opportunities for new entrants to benefit from the country's favorable business environment and skilled workforce. The market size of GCCs in India has reached $64 billion, with significant growth projected, leading to increased employment and market size by 2030. India is expected to host around 2,200 to 2,500 GCCs by 2030, further solidifying its position as a global energy GCC hub.
Topics
India
Renewable Energy
Energy Infrastructure
Workforce Development
Digital Transformation
Global Competitiveness
Energy Sector Growth
GCCs
STEM Graduates
Latest News