Ahmedabad, India — The Ahmedabad-Gandhinagar-GIFT City corridor is quickly becoming India’s most attractive Tier-II destination for Global Capability Centres (GCCs), according to an August 2024 report by global consulting firm Zinnov. Ranked No. 1 in ecosystem favorability among 20 Tier-II cities, this region is setting new benchmarks in innovation, infrastructure, and investment readiness
A Thriving GCC Ecosystem
The region already hosts:
- 35+ GCCs and Global In-House Centres (GICs)
- 25+ service providers
- 60+ startups
- 850+ International Financial Services Centre (IFSC) units
This makes it the largest Tier-II GCC hub in the country, outside of India’s Tier-I metros.
GIFT City: The Rising Star
Gujarat International Finance Tec-City (GIFT City) is leading the charge, attracting global players looking for high-value operations in IT, innovation, and back-office services.
Notable companies such as IBM, Oracle, Capgemini, Google, TCS, Infosys, and Wipro are already present. Recent entrants include:
Notable companies such as IBM, Oracle, Capgemini, Google, TCS, Infosys, and Wipro are already present. Recent entrants include:
- Infineon Technologies (semiconductors)
- Technip Energies (energy transition)
- Telus Digital (expected)
Policy-Backed Growth
GIFT City’s rise is supported by robust government incentives:
- 10-year tax holiday under Section 80LA — unique in India
- Gujarat’s industry-friendly policies: reduced stamp duty, discounted power tariffs
- 100% PF reimbursements for women hires
- Fast project clearances under the GCC Policy and Semiconductor Policy (2022–27)
Infrastructure & Lifestyle
The region boasts scalable, world-class infrastructure with affordable housing options in Gandhinagar. High scores in safety, affordability, and quality of life make it a strong choice for global location strategy. Partnerships with global universities and focused skilling programs are ensuring a steady talent pipeline.
Company Spotlight: Technip Energies
Technip Energies’ GIFT City office has seen rapid growth, currently onboarding 50–60 employees monthly, with plans to reach 400 by Q4. “With strong engineering talent, proximity to major clients, and GIFT City’s excellent support, our expectations have been exceeded,” said B V Ramanakumar, Director of the Ahmedabad Operating Centre.
The Road Ahead
With 25% year-on-year growth in IFSC units and growing interest from MNCs like Bank of America, S&P Global, Amneal Pharmaceuticals, Kraft Heinz, and Thomson Reuters, the Ahmedabad-GIFT City belt is redefining what Tier-II success looks like — offering Tier-I aspirations with Tier-II economics.
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