A Cushman and Wakefield report finds over 100 Japanese companies have established or expanded Global Capability Centres in India, shifting from cost-focused outsourcing to high-value AI, engineering, product development and cybersecurity work. Bengaluru, Hyderabad and Pune lead expansion, driven by India's 2.5, 2.8 million annual STEM graduates, supportive infrastructure, and growing commercial real estate and investment opportunities.