Article link:
Global
capability centers are poised to be next-gen innovation hubs
Extract from the article:
In the realm of global capability centers
(GCCs), India stands out as a key player on the world stage.
These centers are evolving into
next-generation innovation hubs, offering a diverse range of capabilities such
as AI, machine learning, and robotic process automation.
The GCCs in India are seeing a surge in talent
acquisition despite economic challenges elsewhere, with industries like
banking, pharmaceuticals, retail, energy, automotive, and telecom contributing
substantially to the growth.
The country's attractiveness stems from its
abundant pool of skilled professionals, particularly in tech-related fields
like digital, analytics, and AI. Companies like Citi, PwC, EY, and Grant
Thornton highlight India's favorable cost environment and specialized talent
availability as key factors driving this trend.
With GCC headcounts in India expected to
double by 2030, the country's status as a preferred destination for global
in-house centers is solidifying.
My Take:
INDIA
: the BRAIN FACTORY of THE WORLD
"The prediction made in my earlier blog
about India being the 'Brain Factory of the World' resonates strongly with the
current trajectory of GCCs in the country.
The exponential growth in talent acquisition
by multinational companies, as highlighted in the recent article, reflects the
foresight I shared about India's potential as a hub for innovation and skilled
workforce development.
The emphasis on specialized skills in
technology and digital domains aligns perfectly with the evolution of GCCs into
next-gen innovation hubs, reinforcing the significance of India's role in the
global business landscape."
---
Call to Action:
To the industry leaders and decision-makers
mentioned in the article, I urge you to pay close attention to the talent
dynamics unfolding in GCCs in India.
Embracing the evolving landscape of innovation
hubs and skilled workforce development can significantly drive your
organization's growth and success.
Stay ahead of the curve by tapping into
India's vast pool of talent and leveraging the favorable environment for
business expansion and innovation.
---
With warm regards,
www.HemenParekh.ai /
03 Nov 2024
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