Policies Should Be Streamlined To Make India A Hub For Global Capability Centres: Finance Ministry

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Policies Should Be Streamlined To Make India A Hub For Global Capability Centres: Finance Ministry

New Delhi: Economic affairs secretary Anuradha Thakur on Monday said that India needs to streamline policies at national level to make the country a hub for Global Capability Centres (GCC). “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,” she said at an CII event here.India has about 1,800 GCCs, which are set up by MNCs as offshore facilities to manage their business processes. “However, GCCs contribute to the economy about 1.8 per cent of the total gross value added or GVA and the innovation in the startup ecosystem has helped increase GCC presence in India,” she said.“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,” Thakur said.India is currently focusing on becoming a hub for multinational companies to set up their GCCs in the country. In the 2025-26 Budget, Union 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.



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