Global Capability Centres (GCCs) & India’s Emerging Offshore Hub Role
India has evolved from a cost-arbitrage outsourcing destination to a value-driven "Brain Port" for the world. Global Capability Centres (GCCs) are offshore units of multinational corporations (MNCs) that have shifted from handling payroll and support to driving critical R&D, Product Innovation, and AI transformation for their parent entities. India is now the undisputed "GCC Capital of the World."
Key Stakeholders
- Knowledge Workers: High-skilled engineers, data scientists, and domain experts (Finance/Pharma) commanding global wages.
- Commercial Real Estate: The primary driver of office space absorption in metro cities (accounting for >50% of leasing).
- Tier-2 Cities: Emerging hubs (Visakhapatnam, Coimbatore, Jaipur) benefiting from the "Hub ....
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