The Union Budget 2025 has brought significant focus to the Global Capability Centre (GCC) ecosystem, with the government announcing a National Framework to boost talent development and infrastructure for GCCs in India. This initiative aims to strengthen India’s position as a global leader in the GCC sector by addressing critical challenges and enabling sustainable growth.
Key Highlights of the Budget Announcement
- Talent Development Initiatives
- The framework emphasizes upskilling the workforce in emerging technologies such as AI, IoT, and blockchain.
- Collaboration with educational institutions and industry leaders will create specialized training programs tailored to GCC requirements.
- Infrastructure Investments
- The government plans to enhance infrastructure in major tech hubs, focusing on connectivity, digital infrastructure, and state-of-the-art facilities for GCCs
- Tier II and Tier III cities will receive special attention to encourage GCC expansion beyond metro areas.
- Support for Innovation and R&D
- Tax incentives and funding opportunities will be provided for GCCs investing in research and development (R&D).
- The framework also aims to foster a culture of innovation by supporting startups and GCC incubators.
- Regulatory Simplification
- A streamlined regulatory environment will make it easier for MNCs to set up and operate GCCs in India.
- Measures to address compliance, data security, and ease of doing business are included in the framework.
Impact on the GCC Ecosystem
- Empowering Talent: The focus on upskilling will ensure a steady pipeline of skilled professionals, catering to the growing demands of the GCC sector.
- Expanding Operations: Infrastructure upgrades and support for Tier II and Tier III cities will enable GCCs to scale operations and reduce location concentration risks.
- Driving Innovation: By promoting R&D and innovation, GCCs will become key players in shaping global business strategies and solutions.
Government’s Vision for GCCs
The Union Budget 2025 reflects the government’s commitment to positioning India as a global hub for GCCs. By addressing the key needs of talent, infrastructure, and regulatory support, this framework will drive economic growth and innovation in the years to come
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