GICs to hire 1.5 lakh people by 2021

The captive units of global IT companies are expected to hire about 1.5 lakh people by 2021. As per staffing firms that fulfil the human resource needs of such units, there are more than 1200 global in-house centres (GICs) in the country, of which a significant fraction comprises companies focussed on technology alone. These are engaged in building essential technology for their parent firms that are mainly involved in manufacturing chips, such as Texas Instruments, Intel and Qualcomm. According to staffing company, TeamLease, these GICs have been driving innovation for their parent organisations and their business growth and workforce growth figures have been rather promising. Nasscom reports reveal that these GICs have contributed well in the past couple of years, with their market size reportedly touching $28.3 billion in 2018-19. The workforce of 7.45 in 2015 has also grown to almost about a million in 2018-2019. Bengaluru forms the biggest hub of GICs in the country and more than half the total talent required for them is based in this city.