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GCC ecosystem: The rise of the GCC ecosystem in India

A new report by IT industry apex body Nasscom and Zinnov found that in the fourth quarter of calendar year 2023, India saw 10 new GCCs established, marking the entry of key MNCs like Edge Cortix, M31 technology Corporation, Signature IP into the Indian market. US-headquartered MNCs accounted for around 50% of the new GCCs. ....

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IT firms fight for $16 billion worth of deals; Zomato pauses Blinkit integration

Indian IT firms are expected to put up a tough fight for these contracts, many of which are now serviced by global multinationals. Experts attribute this competition to technology clients turning more cost-conscious in a turbulent macro-economic environment. ....

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India-Gulf Cooperation Council senior officers hold meeting, agree for early finalisation of India-GCC FTA

The first round of the India-Gulf Cooperation Council (GCC) Senior Officers Meeting (SOM) was held today in Riyadh ....

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Bilateral trade between India-GCC up 40% in 2022-23

Bilateral trade between India and the Gulf Cooperation Council (GCC) grew from USD 87.35 billion in fiscal year 2020-21 to USD 154.66 billion in 2021-22, registering an increase of 77.06 per cent on a year-on-year basis, Union Minister of State in the Ministry of Commerce and Industry Anupriya Patel informed Parliament during the recent sessions. ....

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India-GCC agree to resume FTA talks

MUSCAT: Piyush Goyal, Indian Minister of Commerce and Industry, Consumer Affairs, Food, and Public Distribution and Textiles, and Dr Nayef Falah M al Hajraf, Secretary General,. ....

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