BENGALURU, Sept 11 (Reuters) - The market size of

India's global capability centres (GCCs) is likely to grow to

$99 billion-$105 billion by 2030 from $64.6 billion in fiscal

2024, according to a report by IT industry body Nasscom and

consulting firm Zinnov released on Wednesday.

India's GCCs have evolved from low-cost outsourcing hubs to

local offices of global companies supporting their parent

organisations in multiple functions, including daily operations,

finance, research and development.

This has encouraged more multinational companies to set up

local offices and boost hiring, a trend that is expected to grow

exponentially in the coming years.

U.S energy firm Chevron ( CVX ) and French pharma company

Sanofi recently committed around $1.4 billion

cumulatively to set up or expand their GCCs.

The report estimates the number of companies with GCCs in

India to grow to around 2,100-2,200 by 2030, employing 2.5

million to 2.8 million people.

Currently, that number stands at around 1,700 companies with

1.9 million people in their employ in India.

The growth has been driven by the scale and quality of the

talent pool, given India's status as one of the oldest

offshoring ecosystems globally, said Namita Adavi, partner of

the India GCC Consulting Practice at Zinnov.

This has "created a flywheel effect in terms of the talent

that is being churned out."

Adavi expects the growth to come from sectors such as

retail, healthcare and pharma, among others. Currently, software

and internet, and the banking, financial services, and insurance

(BFSI) segments have the biggest presence in the country.

Leadership roles based in India are also expected to balloon

to more than 30,000 by 2023, from the current 6,500, the report

said.

(Reporting by Haripriya Suresh; Editing by Janane Venkatraman

)