In recent years, Global Capability Centres (GCCs) have emerged as a driving force behind India’s growth as a technology powerhouse. These centers, established by multinational corporations, have leveraged India’s skilled talent pool and cost-effectiveness to fuel their global operations. In this blog, we will explore the significance of GCCs for India’s growth and their remarkable contribution towards shaping the country’s position in the global technology arena. Let’s dive in!
India: A Hub of Global Talent
One of the main reasons why GCCs are flourishing in India is the abundance of skilled talent in the country. India’s education system emphasizes science, technology, engineering, and mathematics (STEM) subjects, creating a pool of highly competent professionals. This rich talent pool is not only well-versed in cutting-edge technologies but also brings a fresh perspective to innovation and problem-solving.
A few of the reasons behind the massive growth of GCCs in India:
Cost Efficiency and Scalability:
India’s cost efficiency offers a significant advantage to multinational corporations setting up GCCs. Operating in India allows companies to optimize their expenses while maintaining high-quality standards. The scalability of resources also enables organizations to adapt quickly to changing business needs and seize growth opportunities.
Innovation and Collaboration:
GCCs in India have become hubs of innovation and collaboration. They foster a culture of sharing ideas and expertise, both within local teams and across global operations. This diverse and collaborative environment nurtures creative thinking and drives innovation, enhancing the parent companies’ growth and competitiveness.
Quality and Security:
Maintaining the highest quality standards and data security is a top priority for GCCs. Deqode’s commitment to excellence and robust security measures instill confidence in parent companies, ensuring their operations and data are secure.
Moreover, large number of Global Capability Centres (GCCs) choose India because of the business incubator environment, which supports growth, development, and equal opportunities.
Nurturing Talent for Sustainable Growth:
Talent is the cornerstone for the success of Global Capability Centres. To ensure sustainable growth, GCCs invest in nurturing their employees’ professional development through training and mentorship. A culture of continuous learning keeps the talent pool competitive and adaptable to the rapidly changing technology landscape.
Growing Focus on New Capabilities and Centres of Excellence among GCCs
As the technology landscape evolves, multinational corporations are increasingly looking to their Global Capability Centres (GCCs) in India to develop new capabilities and become Centers of Excellence. These GCCs are not only expected to support existing operations but also drive innovation, research, and development in cutting-edge technologies. By nurturing a culture of continuous learning and skill development, GCCs are positioning themselves as strategic partners, shaping the parent companies’ future growth and success.
High Demand for Digital Skills:
The digital revolution has ushered in a new era of business transformation, making digital skills a high-demand commodity. GCCs in India have recognized the need to upskill their talent to stay relevant in the digital age. With a focus on data analytics, artificial intelligence, machine learning, cybersecurity, and other emerging technologies, GCCs are equipping their workforce with the skills needed to meet evolving business demands.
Co-creation with Startups:
To stay ahead in today’s competitive landscape, collaboration with startups has become crucial. GCCs in India are increasingly engaging in co-creation efforts with startups to tap into fresh ideas, disruptive technologies, and agile business models. Such collaborations not only foster innovation but also provide startups with access to corporate resources and mentorship, creating a win-win situation for both parties.
Deqode’s Initiatives to Support Clients and Communities
As a leader in the GCC ecosystem, Deqode is at the forefront of supporting its clients and communities to embrace the latest trends and opportunities in the technology space. To enable its clients to become Centers of Excellence, Deqode offers strategic consulting and assistance in identifying and nurturing new capabilities. For instance, by working closely with clients such as Farfetch and Pubmatic, Deqode has been able to help their GCCs become agile, innovative, and future-ready.
Recognizing the importance of digital skills, Deqode invests significantly in upskilling its talent pool. The company provides its employees with access to various training programs and learning resources to keep them abreast of the latest developments in the digital domain.
In line with the spirit of co-creation, Deqode actively collaborates with startups, offering them mentorship, resources, and opportunities to co-develop innovative solutions. This approach not only fosters an atmosphere of innovation within the organization but also supports the startup ecosystem in India.
Deqode is committed to giving back to the community by engaging in various social initiatives. These initiatives range from educational programs for underprivileged children to environmental conservation projects. By leveraging its expertise and resources, Deqode contributes positively to the communities where it operates, making a meaningful impact beyond business objectives.
Conclusion
The growing focus on new capabilities, Centers of Excellence, digital skills, co-creation with startups, and community engagement is transforming the landscape of Global Capability Centres in India. As GCCs evolve to become strategic partners, driving innovation and fostering collaboration, they are playing an increasingly significant role in shaping their parent companies’ future success.
Deqode, as a leading player in the GCC ecosystem, is actively supporting its clients in this journey by offering strategic guidance talented resources, upskilling talent, promoting co-creation, and making a positive impact on the community. With such initiatives and a proactive approach, India’s GCCs are well-positioned to drive the next wave of technology-led growth and contribute to India’s status as a technology powerhouse on the global stage.