Strategic Importance of GCCs
GCCs are pivotal for organizations seeking innovation, talent access, business continuity, and cost optimization, with a focus on sectors like Healthcare, BFSI, and Automotive.
Comprehensive Setup Process
Establishing a GCC involves a structured approach, including defining strategy and objectives, conducting feasibility analysis, selecting locations, engaging with government authorities, and ensuring compliance with legal and regulatory frameworks.
Key Considerations for Location
elangana is a prime location for GCCs due to its established ecosystem, availability of talent, supportive government policies, and infrastructure advantages, particularly in cities like Hyderabad, Warangal, and Karimnagar.
Government Support and Incentives
The Telangana government offers various incentives, including tax benefits, streamlined regulatory processes through TS-iPASS, and support for labor law compliance, making it easier for companies to set up operations.
Infrastructure and Partnership Opportunities
Collaborating with infrastructure partners, academia, and startups is crucial for GCC success. Special Economic Zones (SEZs) provide additional benefits, including tax exemptions and simplified compliance.
Talent Availability and Development
The region has a diverse talent pool, with a focus on emerging digital skills such as AI, ML, and cybersecurity, essential for driving GCC growth and innovation.
Ongoing Compliance and Governance
A robust legal and finance compliance checklist is necessary for both setup and ongoing operations, ensuring adherence to local regulations and standards.
Outlook for GCCs
By 2030, GCCs are expected to play a significant role in India's technology ecosystem, with anticipated growth in market size, headcount, and capabilities.
