MNCS to expand ops at GICS, hire more in India
Large multinationals, led by banking, financial services and insurance companies are looking to hire local talent to set up global in-house centres (GICS) in India for critical roles such as strategy and planning.
Recently, Commonwealth Bank of Australia hired about 1,000 people for its technology centre in Bengaluru. Likewise, one of America’s largest banks is planning to recruit 15,000 Indians over the next two years, one person familiar with the development said, seeking anonymity. American investment bank
The Hyderabad centre is now the second largest technology hub globally with about 7,000 employees, and is part of its expansion plans for engineering and business innovation.
“The Hyderabad centre will be a centre of excellence for consumer banking services, business analytics and platform engineering, including application of emerging technologies such as artificial intelligence and machine learning to augment our businesses,” said Gunjan Samtani, head of Goldman Sachs in India.
Sun Life Asia Service Centre (ASC) India, the GIC of Canadian financial services firm Sun Life is ways of doing business. One can anticipate that skills like full
“The pandemic has enabled people to work from anywhere locations such as South A ica, Eastern Europe and Indi that in case of lockdowns, b ness is not disrupted,” he ad
GICS, also known as gl capability centres or capti emerged in the early 1990 offshore units of large mult tionals such as General Elec Texas Instruments, Citigr and American Express, to form designated techno operations. India is curre home to more than 1,200 employing close to 10 lakh ple, according to Nasscom.
According to consulting ANSR, over 100 GICS expected to be establishe India this year compared to