Refile: India's Hyderabad city to add 60-70 offshore tech centres in 2027, consultant ANSR says

Target

29/10/2026 11:11

Removes erroneous company name in second bullet
By Rishika Sadam and Sai Ishwarbharath B
Oct 29 (Reuters) - India's southern city of Hyderabad will add 60 to 70 global capability centres (GCCs) or offshore tech hubs of multinational companies in 2027, according to a report by consultant ANSR.

Here are more details:
Banking and financial services firms will set up 30% of the new GCCs in the city, ANSR said
ANSR has helped multinational firms such as Costco COST.O, Marriott MAR.O and Target TGT.N to set up centres in India over the years
The consultancy, which counts global IT company Accenture Plc ACN.N as an investor, said Hyderabad is the preferred choice over the southern city of Bengaluru, the capital of the state of Karnataka, for new tech hubs, despite the latter having highest number of such centres in the country 
Hyderabad has more than 500 GCCs, according to a Telangana government press release issued last month, while Bengaluru has over 1,100 GCCs, the Karnataka state government said in July

 (Reporting by Rishika Sadam in Hyderabad and Sai Ishwarbharath B in Bengaluru; Editing by Jochelle Mendonca)