| | JANUARY 20218In the recent years, India has won reputation of being a global destination for many things, whether its business destination, medical tourism, services industry, and now crowned as the most preferred GCC Hub. It is indeed a good news that half of the world's Global Capability Centers (GCC) are based in India, and nearly 70 percent of them belong to US-headquartered companies, followed by 20 percent from Europe and 10 percent from the APAC region. According to an article, these GCCs help their parent companies save nearly 45 percent in operational costs (on an average) over a period of three to five years.A recent report by NASSCOM-ANSR predicts that nearly 80 percent of top 100 global retail/CPG companies will set up GCCs in India by 2022. The report also estimates that over 25 new GCC in retail/CPG industry are looking at establishing their centers in 2021, tapping onto the matured ecosystem of talent and global operating models. The report mentions that the number of GCGs set-up over the last five years have picked up pace, with majority of the investments in digital and innovation space in India.The retail/CPG companies are increasingly driving innovation from their GCCs by establishing labs and leveraging the startup ecosystem. Indeed India Is The GCC Hub For The World. Will Drive The Innovation & Digital LandscapeBY CEO INSIGHTS TEAMIN FOCUS
< Page 7 | Page 9 >