calender_icon.png 23 July, 2025 | 12:41 AM

‘Need to streamline policies to make India GCC hub’

15-07-2025 12:00:00 AM

PTI New Delhi

India needs to streamline policies at national level to make the country a hub for Global Capability Centres (GCC), a senior official said on Monday. Economic Affairs Secretary Anuradha Thakur said there needs to be a deliberation on the policies adopted by states like Karnataka, Tamil Nadu and Telangana, wherein most GCCs are localised and see if such policies can be emulated across the country.

India has about 1,800 GCCs, which are set up by MNCs as offshore facilities to manage their business processes. GCCs contribute to the economy about 1.8% of the total Gross Value Added (GVA) and the innovation in startup ecosystem has helped increase GCC presence in India, she said at the CII-GCC Business Summit. "Even now GCCs are focused in particular states so we need to study what those states did earlier, whether it was Karnataka, Tamil Nadu, Telangana.  We know those states have specific policies both on physical infrastructure and digital infrastructure, they also have certain regulatory policy initiatives which have helped GCCs there and grow further.

"Whether we need to disturb that, or add more is something that we need to do today, perhaps a bit of both," Thakur said. India is currently focusing on becoming a hub for MNCs to set up their GCCs in the country. In the 2025-26 Budget, Finance Minister Nirmala Sitharaman had announced formulating a national framework, which will guide states in promoting GCCs in tier II cities. "This will suggest measures for enhancing availability of talent and infrastructure, building-bye laws reforms, and mechanisms for collaboration with industry," Sitharaman had said.