BENGALURU -- Multinational companies running offshore offices in India are emerging as white knights for local software talent, as homegrown technology companies slow down hiring amid a tough business environment.
In recent years, hundreds of such offices -- known as "global capability centers" -- have sprung up in India's technology hubs such as Bengaluru, Hyderabad and Pune, where more than a million workers develop technologies critical to multinational businesses, such as artificial intelligence, as well as provide accounting and operations support. Their spread has sparked a rush for talent, with hiring outpacing homegrown software exporters that are currently grappling with the fallout of the global trade war.
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