New Delhi, Aug 6 || There are more than 1,700 global capabilities centres (GCCs) currently operating in India, employing more than 19 lakh people, the Parliament was informed on Wednesday.
The total revenue generated by these GCCs in last 5 years has grown from $40.4 billion in FY19 to $64.6 billion in FY24 with CAGR of 9.8 per cent, Jitin Prasada, Minister of State of Electronics and Information technology, said in a written reply in Lok Sabha, citing National Association of Software and Services Companies (Nasscom) data.
GCCs have grown from being support centres for basic tasks to research and development and design hubs, the minister said. Together, these GCCs employ more than 19 lakh people in the country.
In the Union Budget 2025–2026, it was declared that a national framework would be established to direct states in promoting GCCs in tier II cities, thereby fortifying India’s GCC ecosystem.
The framework will make recommendations for ways to improve infrastructure and talent availability, create byelaw reforms, and establish industry collaboration mechanisms.