The GCC Opportunity
India presents a unique opportunity for businesses to extract the full potential of their Global Capability Centres (GCCs). The world’s fifth-largest economy is replete with social, geographical, and geopolitical dynamics that have the potential to unlock global markets. The proliferation of GCCs in India has unearthed multiple opportunities in market expansion, R&D, capacity building, and cost arbitrage.
Global corporations are increasingly expanding their GCCs to unearth advantages of scale in not only cost arbitrage, but also research, high-performance technical operations, and market dynamics. At each stage of growth, the GCC unit has distinct needs that are subject to micro and macroeconomic forces.
The India Advantage
India’s large and diverse talent pool is resulting in major global conglomerates scaling up their operations in high value-addtive areas like Engineering, Research & Development, Information Technology, and Business Process Management.
According to the Reserve Bank of India, India is host to the highest number of GCCs in the world. Management expertise and tecnhical capabilities are pegged as the prime reason for this global bullish trend.
