Global Capability Centres: Safe harbour regime is a big hurdle in GCC growth path, say experts

The safe harbour regime under Indian transfer pricing laws is a significant hindrance for Global Capability Centres (GCCs) and India should look at achieving transfer pricing parity with some of the margin-optimised countries to be an attractive and competitive GCC destination, industry bodies and experts have said.

The industry has put forward their recommendations to the government that is drafting a national framework for GCCs announced in the union budget.

Nasscom said there is a need to examine existing regulations applicable to the GCCs to…