Bigger India
Changing Times: Captives Beat Indian IT in Hiring
Roughly 1,100 GICs employ close 9,00,000 people in India.
Captive centres in India of global firms have hired nearly 1.3 lakh people last year and they have overtaken for the first time in a decade the number of people hired by Indian IT services and back-office companies, said industry experts. The shift is attributed to a sharp rise in hiring by existing and the new global in-house centres (GICs) due to technology innovation activities in India for their global markets.