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Economy

India to become GCC Capital of the World

India is on track to become the ‘Global Capability Centre Capital of the World’, with 1,700 GCCs employing more than two million individuals — a figure expected to rise substantially by 2030, the government announced on Thursday.

News Arena Network - New Delhi - UPDATED: January 16, 2025, 03:36 PM - 2 min read

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Union Minister of Labour and Employment Dr Mansukh Mandaviya (File Photo)


India is set to become the ‘GCC Capital of the World’, with 1,700 global capability centres (GCCs) employing over two million people — a number expected to grow significantly by 2030, the government announced on Thursday.  

The GCCs are leading the way in adopting emerging technologies such as artificial intelligence, data analytics, robotic process automation, digital commerce, cybersecurity, blockchain, augmented reality, and virtual reality.  

Union Minister of Labour and Employment, Dr Mansukh Mandaviya, emphasised that to align education with employment, skill development must be central to efforts.  

"By fostering innovation, enhancing productivity, and preparing individuals for the workforce, we are creating jobs and building a global talent hub," said the minister, highlighting India’s potential to address global workforce shortages through initiatives like the ‘Mutual Recognition of Skills and Standards’.  

"By strengthening industry-academia linkages, we can develop a skilling model tailored to India’s unique needs. Skilling should go beyond certificates and focus on providing individuals with practical expertise to meet the dynamic demands of the industry and self-employment sectors," he said at an event hosted by the Ministry of Labour and Employment in collaboration with the Confederation of Indian Industry (CII) in the national capital.  

According to Sumita Dawra, Secretary of the Ministry of Labour and Employment, three key questions have emerged as industries adapt to rapid changes.  

"How do we develop a digitally proficient workforce capable of navigating an increasingly tech-driven job market? What strategies can we implement to build a truly inclusive workforce, where diversity is valued and everyone is given equal opportunities? And, as industries prioritise environmental sustainability, how can we integrate eco-friendly practices and values into our workforce culture?" she said.  

A skilled and adaptable workforce is vital for attracting investment in key sectors such as healthcare, manufacturing, logistics, and green jobs.  

"Strengthening labour-intensive industries ensures equitable opportunities for diverse demographics, including those with limited access to advanced education," she added.

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