GCCs poised to boost Telangana’s economy, says Sridhar Babu

Hyderabad, Telangana – In a recent statement, Sridhar Babu underscored the strategic importance of Global Capability Centers (GCCs) for the state’s economic trajectory. He noted that GCCs, which house multinational firms’ back‑office and technology operations, are attracting substantial foreign investment and are expected to generate thousands of skilled jobs.

Babu pointed out that Telangana’s proactive policies, such as streamlined approvals and infrastructure incentives, have already positioned the state as a preferred destination for GCCs. He cited recent commitments from several global firms to set up or expand their centers in the region.

The official warned that sustained growth will depend on continuous skill development, robust digital infrastructure, and close collaboration between the government and industry. He called for a focused effort to align educational curricula with the needs of GCCs to ensure a ready talent pool.

If these measures are implemented, Babu believes Telangana could see a measurable rise in its Gross State Domestic Product (GSDP) and a reduction in unemployment rates over the next few years.