TNR Analysis
All AnalysisIndia has the power. The test is getting it to the right data centre at the right hour, and the states that solve that will win the next wave of investment. India’s data centre story is usually told in megawatts of server capacity. The more useful measure is electricity, and where it can be delivered.
Swiss companies are deepening their Indian operations and India has opened its market, yet a year into the EFTA trade pact the investment it promised is still far behind schedule.
Hitachi Energy’s roots in India go back to 1949. India’s transmission and renewables push has turned that long presence into a record order book. Delivering it is the next test.
Tamil Nadu has more factories than any Indian state and ships two of every five dollars of India’s electronics exports. Foreign investors keep coming back. The next test is winning each new expansion against fast moving rivals.
India GCC Tracker 2026
Which global companies are setting up in India this year?
Every new global capability centre and major expansion we have verified in 2026, by company, city, sector and state.
Just added
- BBlackstoneBengaluru, Oct 2026NEW
- TTruistHyderabad, Oct 2026NEW
- BBackbaseHyderabad, Oct 2026EXPANSION
Top states this year
Global companies have promised India $177.9bn.
Only 12% is in projects already producing. Here is what is being built, and what is still on paper.
Global Capability Centres (GCCs)
View MoreGenerac Holdings, the US-based energy technology and power solutions company, has opened its first Global…
The US telecom giant has entered India with a 250,000 square foot technology centre in…
Founded in 1999, DSP has chosen Bengaluru for its first international operation, focusing on Oracle,…
SBM Offshore has inaugurated a new office in Bengaluru, expanding its India operations which currently…
American Airlines is planning to double headcount at its Hyderabad technology hub to around 800…
Banking & Financial Services
More from Banking & Financial ServicesIndia States Narratives
Andhra Pradesh assembled land, power, policy and speed to land Google’s biggest AI hub outside the US. The next three years will decide how much of that bet turns into lasting growth.
Himachal Pradesh makes a large share of India’s medicines, yet it draws only a sliver of the country’s foreign investment. Here is who is there, what holds the state back and what could change it.
US manufacturer Jabil and Adani Enterprises have signed a non-binding memorandum of understanding to set up an equally owned company to make AI and data centre equipment in India.
AI cloud company CoreWeave is entering India through a deal with AdaniConneX and plans to take 240 megawatts of data centre capacity at AdaniConneX’s Taloja campus in Navi Mumbai.
Global investment firm KKR has signed agreements for its funds to take a majority stake in Cisternina Logistics, which stores and moves bulk liquids and gas in India.
