Once a checkpoint for the work of the grant back-office, India has seen a rapid growth in global capacity centers., Where employees include engineers and lawyers for companies ranging from banks to drug firms. According to a report by Ernst & Young, India is expected to become a market of $ 110 billion for these GCC by 2030, and will employ over 4.5 million people.
Financial firms such as JP Morgan Chase & Company, HSBC Holdings PLC and Apollo Global Management Inc. employed thousands in their India hub. According to the firm’s website, Goldman Sachs Group Inc. has invested in its GCC in Bengaluru and Hyderabad, which employs around 9,000 people.
IHUBS value of Blackrock works on added products and services, including investment research to risk management, financial engineering, business operations and data analytics, people said. Many of these areas include artificial intelligence, he said.
To accommodate more employees and support future development, Blackrock has leased the additional office space in a deal of about 4 billion rupees ($ 45.9 million) in Mumbai suburb from developer Oberoi Realty Limited. The Economic Times first reported the real estate deal.
(Tagstotransite) Bloomberg (T) Blackrock Inc.
