New Delhi:Coimbatore has the potential to increase its number of Global Capability Centres (GCCs) from more than 75 currently to nearly 200 by 2032, a report said on Wednesday.

According to a joint report by EY and the Confederation of Indian Industry (CII), the city can attract around 125 additional GCCs over the next six years by leveraging its engineering talent, industrial base, workforce stability and growing innovation ecosystem.

Coimbatore has a population of 3.8 million, a technology workforce of over 300,000 professionals, 137 engineering colleges and more than 30,000 STEM graduates entering the workforce every year, it added.

The report has outlined a five-pillar ‘5R Growth Framework’ to support the city's GCC ambitions which focuses on attracting companies looking to expand beyond major metro hubs, building on existing GCC success stories, encouraging regional enterprises to establish capability centres, developing specialised engineering and innovation capabilities and helping existing GCCs scale up operations.