India’s GCCs soar to 1,700, set to hit 2,200 by 2029: New Nasscom president
“As per our estimates, the 1,700 centres in total have grown in size by 25%, meaning they are individually expanding while new ones are also being added. That is why you’re seeing so much activity and hiring,” said Nambiar. Formerly the CMD of Cognizant India, he took over as Nasscom’s president in November.
Nambiar emphasised that the growth of GCCs doesn’t signify a loss for the IT sector. Instead, both sectors are closely intertwined, creating a win-win situation for India. To further accelerate the growth of the sector—which has hired more people than IT services firms—Nasscom is working with various government arms to address key concerns facing GCCs, such as safe harbor provisions and advance pricing agreements. He added that the era of requesting tax incentives or sops is over; the focus now is on resolving these structural concerns.
Also Read: India's GCC ecosystem set to hit $100 billion by 2030: report
“We are in talks at the highest levels… We’ll ensure that the government supports the industry by clearing these pathways. For instance, how should R&D and intellectual property (IP) be treated? These are the discussions we’re focusing on, rather than the traditional demands for sops,” said Nambiar.
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