India Emerges as Key Hub for Advanced Manufacturing and Global Capability Centres
Industry leaders at a Houston roundtable highlighted India’s emergence as a preferred hub for advanced manufacturing and Global Capability Centres (GCCs), citing policy reforms, a skilled workforce, competitive costs, and robust infrastructure. Over 2,000 GCCs operate in India, employing nearly 1.9 million professionals across sectors like technology, engineering, and financial services. Experts noted the shift from cost-saving to strategic innovation hubs, supported by government initiatives such as the Production Linked Incentive scheme and expanding physical and digital infrastructure, enhancing India-US economic collaboration opportunities.