Definition
Global Capability Centers (GCCs) are strategic units established by companies to house critical functions such as R&D (Research and Development), IT (Information Technology), and BPM (Business Process Management) in locations different from their headquarters. These centers aim to leverage the local talent pool, technological advancements, and economic benefits to support a company's global operations.
Current Landscape in India (2023)
Number of GCCs: 1,580 established, housing over 1.66 million professionals.
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