Exploring GCC: How India Became a Hub for Global Captive Centers
In recent years, India has emerged as a prominent destination for Global Captive Centers (GCCs), playing a crucial role in the global business landscape. These centers, established by multinational corporations to handle specific functions or processes in-house, have flourished in India due to various factors such as a skilled workforce, favorable business environment, and cost efficiencies. In this blog post, we delve into the journey of how India became a hub for GCCs and the impact it has had on the country's economy and the global business ecosystem. Understanding Global Captive Centers (GCCs) Before delving into India's role in the GCC landscape, let's first understand what GCCs are and why they are significant for multinational corporations (MNCs). Global Captive Centers in India , also known as Shared Service Centers or Global In-house Centers (GICs), are offshore subsidiaries or divisions established by MNCs to perform specific functions or processes. These centers