<p>New Delhi: The growth in India’s global capability centres (GCCs) is led by high-end engineering and research & development related activities as the global businesses don’t see it as just a low-cost arbitrage centre, a senior official in the Ministry of Electronics and IT said on Friday. </p><p>“Engineering research and development related GCCs are having a growth which is 30% more than the overall growth of GCC. It shows that the work, which is coming to India, is of higher value,” Bramhanand Jha, Vice President, National e-Governance Division at the Ministry of Electronics and IT.</p><p>He said the revenue of India’s GCCs is estimated to jump to $100 billion by 2030 from around $64 billion recorded in the FY24.</p>.US tariffs, AI play spoilers in India’s GCC boom.<p>"GCCs are no longer low-cost arbitrage centres. They are becoming strategic innovation hubs for value for global business. With the economy shifting towards a digital-first economy, GCCs are leading the way in developing agile, technology-enabled, and future-proof organizations,” Jha said at an event organised by the Indian Institute of Management (IIM) Sambalpur.</p><p>Underlining the concentration of GCCs in a few cities like Bengaluru, Hyderabad, Pune and Chennai, Jha said the government is making efforts to expand GCCs in tier 2 and 3 cities.</p><p>“At MeitY, we are committed to developing an ecosystem in which the academia, industry, and governance collaborate to drive sustainable innovation, transformation, and digital leadership,” he added.</p>.<p>Speaking at the event, IIM Sambalpur Director Mahadeo Jaiswal said high-quality talent pool is the key driver of India’s GCC growth.</p><p>He said IIM Sambalpur has introduced two new undergraduate programmes - Bachelor of Science in Data Science and Artificial Intelligence and Bachelor of Science in Management and Public Policy.</p><p>The Bachelor of Science in Data Science and Artificial Intelligence is focused towards developing India's digital capability and global competitiveness, Jaiswal said. </p>
<p>New Delhi: The growth in India’s global capability centres (GCCs) is led by high-end engineering and research & development related activities as the global businesses don’t see it as just a low-cost arbitrage centre, a senior official in the Ministry of Electronics and IT said on Friday. </p><p>“Engineering research and development related GCCs are having a growth which is 30% more than the overall growth of GCC. It shows that the work, which is coming to India, is of higher value,” Bramhanand Jha, Vice President, National e-Governance Division at the Ministry of Electronics and IT.</p><p>He said the revenue of India’s GCCs is estimated to jump to $100 billion by 2030 from around $64 billion recorded in the FY24.</p>.US tariffs, AI play spoilers in India’s GCC boom.<p>"GCCs are no longer low-cost arbitrage centres. They are becoming strategic innovation hubs for value for global business. With the economy shifting towards a digital-first economy, GCCs are leading the way in developing agile, technology-enabled, and future-proof organizations,” Jha said at an event organised by the Indian Institute of Management (IIM) Sambalpur.</p><p>Underlining the concentration of GCCs in a few cities like Bengaluru, Hyderabad, Pune and Chennai, Jha said the government is making efforts to expand GCCs in tier 2 and 3 cities.</p><p>“At MeitY, we are committed to developing an ecosystem in which the academia, industry, and governance collaborate to drive sustainable innovation, transformation, and digital leadership,” he added.</p>.<p>Speaking at the event, IIM Sambalpur Director Mahadeo Jaiswal said high-quality talent pool is the key driver of India’s GCC growth.</p><p>He said IIM Sambalpur has introduced two new undergraduate programmes - Bachelor of Science in Data Science and Artificial Intelligence and Bachelor of Science in Management and Public Policy.</p><p>The Bachelor of Science in Data Science and Artificial Intelligence is focused towards developing India's digital capability and global competitiveness, Jaiswal said. </p>