India, with its robust political stability, dynamic consumption-driven economy, and well-established financial regulatory frameworks, offers an unparalleled environment for the establishment and growth of Global Capability Centers (CCs) These favorable conditions have positioned India as a strategic hub for multinational corporations (MNCs) looking to optimize their global operations. GCCs in India are evolving rapidly into epicenters of innovation, digital transformation, and value generation, significantly enhancing their role within the global business value chain.
Several key factors contribute to this surge in GCCs. First, India’s booming software export sector plays a pivotal role, providing multinational companies with access to high-quality software development and IT services. India has long been recognized as a global leader in IT services, and this sector continues to expand, offering cutting-edge technological solutions that support businesses across various industries. Additionally, the country boasts an abundant and cost-effective pool of highly skilled tech talent, including software engineers, data scientists, business analysts, and other technical professionals.
The expansion of operations into India’s tier-2 cities has further propelled the growth of GCCs. These cities, with their lower operational costs and growing pool of educated professionals, provide attractive alternatives to traditional business hubs like Bengaluru, Hyderabad, and Mumbai & Delhi. The movement to tier-2 cities is also driving regional economic development, creating a more evenly distributed network of GCCs across the country.
Date : Mar 21
Venue : Bengaluru Marriott Hotel Whitefield
For more details contact-
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et.edge@timesgroup.com
