GCCs see regulatory compliance as key for India expansion: Survey
GenAI landscape, navigating complex compliances such as transfer pricing, SEZ (special economic zone), labour and data laws are among key priorities for the global capability centres (GCCs) operating in India, said a Nasscom-KPMG survey report.
«81% of respondents mentioned transfer pricing as the top regulatory priority for GCCs in India. More than half of the respondents highlighted SEZ laws and STPI regulations (67%) and labour laws (60%) among key regulatory priorities,» stated the report titled 'GCCs in India: Building resilience for sustainable growth', to be released today.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitIndian School of BusinessProfessional Certificate in Product ManagementVisit«India has been quite friendly when it comes to regulatory environment in a lot of places. But I think GCCs have a very complex frameworks and the processes… maybe at certain cases the transfer pricing rates may be on the higher side. So, obviously there is scope for improvement over there,» Achyuta Ghosh, senior director and head — Insights at Nasscom.
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He added that GCCs may have to internally map out the overall India regulatory environment, have the checks and balances in place in terms of how they're structured, how they assess risk, look at audits, get data privacy certifications and compliance in place.
Besides, corporate tax, DPDPA (Digital Personal
