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  3. Google, Capgemini looking for 50,000 sq ft office space each in GIFT Ci…

Google, Capgemini looking for 50,000 sq ft office space each in GIFT City

13 Sept 2023

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Key Takeaways

This establishment in the GIFT City by Capgemini & Google will lead to increased operations, impacting their revenue & profitability positively.

Both the companies will also avail benefits of operating in GIFT City in form of subsidies & reduced taxes, as it’s a Special Economic Zone 


This establishment in the GIFT City by Capgemini & Google will lead to increased operations, impacting their revenue & profitability positively.

Both the companies will also avail benefits of operating in GIFT City in form of subsidies & reduced taxes, as it’s a Special Economic Zone 


capgemini unlisted shares

Capgemini

5.08%

Expert Analysis

Technology giants Google & Capgemini in process of establishing domestic office space in Gujarat International Finance Tec-City (GIFT City), negotiations are in line, soon an announcement is expected.

Justification

  • Capgemini, a French MNC, recently disclosed its intention to establish a new office space with 500 seats capacity in the GIFT City.

  • The company, with an impressive workforce count of 180k employees across 13 cities, plans to create this office space for software product development by occupying approx 50,000 sq ft of space.

  • On the other hand, Google CEO Sundar Pichai announced a new global fintech center in GIFT City, where specialized teams will support GPay and other products.

  • Both these moves will be of significant benefit to the overall GIFT City.

Publisher:DeshGujarat