India wants to lead, not just host, GCCs: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman: Not just host GCCs; maximise innovation, accelerate discovery

In her message to the industry leaders, Sitharaman urged them to continue moving decisively up the value chain by creating intellectual property, leading frontier research, and developing AI applications, own product architecture to drive global innovation.

India wants to lead, not just host, GCCs: Nirmala Sitharaman

India aims to lead global capability centres and the world's knowledge economy. The nation now hosts over half of the world's GCCs, which is significant. India's focus shifts from scale to enabling innovation and shaping future technologies. Enterprises are prioritizing innovation and long-term competitiveness over cost reduction. The government is creating an enabling policy ecosystem for future GCC growth.