June 2, 2023
The GCCs are anticipated to employ approximately 2 million individuals and contribute an estimated value of US $60 billion
In FY2023, India already housed 1,580 GCCs
India is a preferred destination for GCCs due to its abundant pool of skilled engineering and digital talent, and a well-established startup ecosystem
The country’s GCCs and industry leaders are resolving emerging challenges encompassing business, technology, and human resources
India is projected to have over 1,900 global capability centres (GCCs) by 2025, according to a report by Nasscom in collaboration with consulting firm Zinnov. These GCCs are anticipated to employ approximately 2 million individuals and contribute an estimated value of US $60 billion.
In the fiscal year 2023, India already housed 1,580 GCCs, attracting various multinational corporations (MNCs) to establish their inaugural centres in the country. These GCCs are playing a pivotal role in driving engineering expansion and collaborating closely with their headquarters to spearhead transformation initiatives.
The report highlights India’s appeal as a preferred destination for GCCs, primarily due to its abundant pool of skilled engineering and digital talent, a well-established startup ecosystem, and a thriving peer network. The Indian GCCs are expected to develop expertise, foster global leadership, and monetize their services.
Furthermore, India is at the forefront of the GCC 4.0 revolution, wherein the country’s GCCs and industry leaders are instrumental in resolving emerging challenges encompassing business, technology, and human resources for their headquarters.
They also emphasize that the GCC ecosystem not only bolsters India’s technological industry but also facilitates profound collaborations with startups, academic institutions, and external partners to leverage cutting-edge technologies and drive innovation.
Source: Business Standard