global value centres

US telecom giant T-Mobile USA has launched its first global capability center outside the US in Hyderabad. The facility, aiming to hire 1,000 employees by 2027, will focus on software engineering, AI, and cloud technologies. Telangana's IT minister highlighted Hyderabad's skilled talent pool and robust innovation ecosystem, underscoring the city's growing appeal for global tech hubs.

The Global Tech Centre is Co’s First Facility Outside US

China's exports surged 19.4% in May, exceeding forecasts, driven by robust demand for semiconductors and electric vehicles. Shipments to the US saw a significant rebound, growing over 35%. This strong trade performance is expected to support China's economic growth targets for the year.

Uttar Pradesh is now focusing on tangible results from its Rs 40 lakh crore investment pledges made at GIS 2023. Projects in defence, electronics, data centres, and food processing are progressing from MoUs to actual facilities, promising job creation and economic growth.

Tamil Nadu's new government must prioritize policy continuity for industrial growth, building on existing strengths in advanced manufacturing like electronics and semiconductors. The state aims to move beyond assembly to chip design and IP development.

According to a new report from the UN, the rapidly increasing energy needs of AI could escalate to twice their present level by 2030, projected to account for 3% of global electricity use and match the UK's emissions. This situation arises from the Jevons paradox, where advancements in efficiency lead to greater overall consumption.

Blackstone-backed AirTrunk plans a massive Rs 3 lakh crore investment in India by 2030 to boost digital infrastructure, including data centres and AI capacity. Prime Minister Modi welcomed the move, highlighting its potential to strengthen India's global position in cloud computing and AI, create jobs, and drive innovation-led growth.

India's real estate market is booming, offering high yields across various asset classes like offices and retail, according to CBRE. Strong economic fundamentals, urbanization, and corporate expansion are driving demand. Investors are advised to consider proximity, modern infrastructure, design, and the growing demand for large and luxury commercial spaces as the sector matures.

The Centre has exempted customs duties on cotton imports for five months until October 30, aiming to boost availability and reduce costs for India's textile sector. This move is expected to enhance competitiveness, particularly benefiting MSMEs and enabling garment exporters to secure orders more effectively amidst global volatility.

The Indian diaspora story has for long been celebrated for its CEOs at Microsoft, Google, IBM, Adobe and other global companies. The new story is about the Indian-American founders creating the next set of giants themselves.

EDITED BY SHARAT SIR

SAP CEO Christian Klein says India’s decades of enterprise software expertise could become a key advantage in the next phase of AI

India's IT giants Infosys, TCS, and Wipro have collectively deployed over 300,000 Microsoft 365 Copilot licenses in under six months, marking one of the largest enterprise AI rollouts globally. This rapid expansion signifies growing confidence in GenAI's ability to deliver measurable business outcomes, with high usage rates indicating deep integration into daily workflows and a shift towards enhancing human potential.

A $50 million donation to Penn State Health Children’s Hospital is revolutionising pediatric care. Instead of just building, the funds are expanding specialist access across regions and accelerating research. This approach connects local patients to global trials, ensuring faster access to innovative treatments for complex childhood conditions, moving beyond traditional hospital branding.

Digital healthcare firm Emids is significantly expanding its workforce, aiming to hire 1,000 forward-deployed context engineers (FDCEs) globally within a year. These professionals will combine healthcare domain expertise with AI capabilities to drive innovation in global capability centers. This strategic move addresses the evolving needs of healthcare enterprises seeking greater value from AI deployments and improved business outcomes.

Industry Bodies Say Move Will Help Indian Firms Compete With Bangladesh, Vietnam And China