India, Dec. 8 -- With more than 70 Global Capability Centres (GCCs) of companies such as Netflix, Eli Lilly, Costco and McDonald's, now operating in Hyderabad, the city continues to cement its position as a global hub for enterprise innovation. Adding to this momentum, Hyderabad has reportedly attracted the GCC of French beauty major L'Oreal, the world's largest cosmetics company.

Hyderabad is attracting a record number of GCCs, driven by its skilled and abundant workforce, under a dollar office rent, progressive government policies, world-class infrastructure, strong digital connectivity and a diversified sector base spanning pharma, technology, BFSI and life sciences. The city has outpaced Bengaluru in recent years, capturing nearly 40...