French drugmaker Sanofi said on Monday it will expand its global capability centre (GCC) in the southern Indian city of Hyderabad, and increase its workforce to more than 4,500 employees.
The centre currently employs over 2,600 people.

The biopharmaceutical company said that the expansion would ‌be supported ⁠by a "multi-hundred-million" ⁠investment, but did not disclose the exact size of the amount. It also did not specify a timeframe for the hiring. In 2024, Sanofi said ​it would invest 400 million euros ($474.60 million) in its India GCC by the end of the decade. Multinational companies are increasingly setting up so-called global capability centres in ⁠India, which ‌have evolved from low-cost back offices to high-value innovation hubs that support operations, finance, research and ⁠development.

India hosts more than 1,700 GCCs, employing over 1.9 ​million professionals, according to real estate consultancy ​Anarock.