Airbus Leases Massive Office Space in Bengaluru for Global Capability Centre
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Airbus secures 650,000 sq ft in Whitefield, Bengaluru, for a new GCC.
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The 10-year lease, valued at over Rs 500 crore, is at Titanium Tech Park.
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Facility aimed at enhancing innovation, technology, and engineering for global operations.
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Scalability clause allows an expansion by another 150,000 sq ft, with an option for a 5-year extension.
France-based aerospace giant Airbus has taken a significant stride in expanding its operations in India by leasing 650,000 square feet of office space in Bengaluru's Whitefield area. According to an ET report, this move is part of setting up a Global Capability Centre (GCC), which will be housed in an entire building at Titanium Tech Park. The lease agreement, which spans 10 years, is reportedly valued at over Rs 500 crore, underscoring Airbus's commitment to enhancing its technological and innovation footprint in one of India's tech hubs.
The new facility in Bengaluru is not just about expanding office space; it is strategically positioned to drive innovation, technology development, and engineering initiatives that will support Airbus's worldwide operations. This step marks a significant investment in India's growing aerospace sector, leveraging the country's skilled workforce and technological ecosystem.
The lease includes a flexible scalability clause, offering Airbus the opportunity to increase its office space by an additional 150,000 square feet after the first year, which could bring the total leased area up to 800,000 square feet. This provision reflects Airbus's forward-thinking approach, preparing for potential growth in its operations. Moreover, the contract provides an option for extending the lease by another five years, potentially making it a 15-year commitment, which speaks volumes about Airbus's long-term vision for its presence in India.
This development in Bengaluru is part of Airbus's broader strategy to decentralize its innovation and engineering capabilities, tapping into global talent pools to foster creativity and efficiency in aircraft design, manufacturing, and services. It also aligns with India's push to become a significant player in global aerospace manufacturing and technology, with local companies like Tata Advanced Systems and Hindustan Aeronautics Limited already collaborating with Airbus on various projects.
Airbus's decision to establish this GCC in Bengaluru is a testament to the city's reputation as a hub for technology, innovation, and skilled professionals. This move is expected to not only bolster Airbus's capabilities but also contribute to the local and national economy by creating jobs and promoting technological advancement in the region.