During his speech at the GCC Innovation Summit 2024, which was hosted by T-Hub, Hon. D. Sridhar Babu, Minister of Information Technology, Electronics & Communication, Industry & Commerce, and Legislative Affairs, Government of Telangana, highlighted the critical role that mid-market Global Capability Centers (GCCs) play as major growth drivers for Telangana’s IT exports.
More than 200 professionals from industries including BFSI, life sciences, healthcare, automotive, aerospace, and technology were among the 400+ participants who attended the summit, which highlighted the minister’s goal of bolstering Telangana’s innovation ecosystem.
The GCC Innovation Summit examined trends and possibilities in the GCC landscape with over 50 businesses, 15 expert presenters, and notable guests from government agencies, venture capital, and academia. Shri D. Sridhar Babu, the event’s special guest, reaffirmed the state’s dedication to promoting innovation and growth by praising 20 Global Capability Centers for their operational excellence and inventiveness.
Among the other distinguished dignitaries were Vikram Ahuja, co-founder of ANSR; Jayesh Ranjan, Special Chief Secretary, IT & Industries, Government of Telangana; Sreekanth Lanka, Chief Strategy Officer, Government of Telangana; and Sujit Jagirdar, Interim CEO of T-Hub.
T-Hub started two historic projects—the GCC Sherpas and the GCC Council—under the direction of the IT Minister.
These initiatives, which aim to foster cooperation and affect the future of the GCC in India, will facilitate the exchange of knowledge, impact the formulation of policies, and enhance capacities in cutting-edge technological domains including as artificial intelligence, cybersecurity, and quantum computing.
A small group of forward-thinking leaders known as the GCC Sherpas will be essential in developing the next-generation skills required for Telangana’s sustained development.
Shri D. Sridhar Babu stated, “Mid-market Global Capability Centres (GCCs) are crucial for driving Telangana’s IT exports and economic growth. With Hyderabad’s exceptional talent in AI, data analytics, and cloud computing, coupled with supportive policies and robust infrastructure, we are primed to attract these key players. T-Hub is pivotal in our innovation ecosystem, uniting startups, academia, and corporations to deliver exceptional value while empowering startups on their journey to unicorn status. Together, we are shaping Telangana as a global technology hub. I invite all entrepreneurs, GCC leaders, and partners to collaborate with us on this transformative journey.”
T-Hub announced eight strategic Memoranda of Understanding (MoUs) with major international players, such as IEEE (Institute of Electrical and Electronics Engineers), Toronto Business Development Centre Canada, Medtronic, Summit Consulting Services, Transition VC, Feuji, New Relic, and PayU, in line with the Telangana government’s objective to establish a vibrant and cooperative environment. By accelerating innovation and excellence in the GCC sector, these collaborations want to strengthen Telangana’s standing as a center for multinational enterprises and cutting-edge technology.
T-Hub’s Interim CEO, Sujit Jagirdar, remarked, “With Telangana emerging as a major hub for GCCs, the summit highlighted the city’s growing appeal for global companies looking to leverage India’s skilled workforce and thriving innovation ecosystem. We are proud to have hosted a summit that will catalyse the future growth of GCCs and promote India as a prime destination for global capability centres.”
In order to further develop the GCC ecosystem, T-Hub intends to implement a number of initiatives, such as mentorship opportunities, accelerator programs, and partnerships with international businesses, building on the success of the summit. In order to establish India as the preferred location for GCC growth and innovation, these initiatives seek to foster innovation, advance operational excellence, and foster international collaborations.
